The owners of Manchester United, Liverpool and Arsenal could all stand to lose ‘billions’ after US President Donald Trump’s latest announcement, it has been claimed.
Trump announced a series of reciprocal tariffs on countries worldwide on Wednesday, on a day he dubbed as ‘Liberation Day’.
The White House has reasoned that Trump wants to reduce the gap between the value of the goods that the nation buys from other countries and the value of those it sells to them.
However, the policy quickly came under criticism – not only for the nature of tariffs but also the calculations that the White House used to calculate them.
And global stock markets have not reacted well either, with the US stock market index Dow Jones down to an eight-month low on Sunday.
And The Telegraph report that the FTSE 100 – Britain’s leading stock market index – was down by 6.3 per cent.
United, Liverpool and Arsenal are all fully or majority owned by American businessmen or businesses.
The Boston-headquartered Fenway Sports Group owns Liverpool, while Kroenke Sports & Entertainment – based in Denver, Colorado, is in full control of Arsenal.
And Manchester United, of course, are majority owned by the often much-maligned Glazer family, whose holding company operates out of Rochester, New Yor
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