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“Soccer’s coming home,” they sing, to the tune of the Skinner and Baddiel classic.

It’s a chant of choice for American fans ahead of the World Cup showdown, poking fun at their English opponents.

We heard it from the crowd watching the University of Maryland take on Fairleigh Dickinson University.

The gag is, of course, the replacement of the word “football” with “soccer” – for UK listeners, it’s a lyric that could only have been written in fingernail on a blackboard.

As supporter wind-ups go, it’s at the benign end of the scale, far removed from the terracing attrition in the land where the game began. Some cultural traditions, it seems, take longer to transfer.

US soccer is football, but not quite as we know it in the UK, certainly not as we speak it.

It’s where players “turn and burn”, wear “cleats” on their feet, not boots; take “PKs”, not penalties and, yes, take liberties with the very name of the game.

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From fall guys to contenders

However you word it, the US men’s team have come a long way. They are fall guys-cum-contenders in a sport that America found late.

As the game grew worldwide, it struggled for space in a crowded sporting marketplace, squeezed out by American football, baseball, basketball et al.

America’s male footballers have long been in the shadow of the country’s women’s team. They are a sporting superpower and serial winners of the World Cup (a record four times).

The women’s game has reaped the benefit of a college system that was attracting many of the country’s best female athletes to soccer scholarships, while their male counterparts leaned towards more traditional US sports.

The US Soccer Hall of Fame at FC Dallas
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The US Soccer Hall of Fame at FC Dallas
The US Soccer Hall of Fame at FC Dallas

The US Soccer Hall of Fame at FC Dallas hosts a display that recalls the 1950 World Cup match when America’s men, famously, beat England 1-0.

It was such a shock that they made a film of it: The Miracle Match. Seventy-two years on, there would be nothing miraculous about a US win against England in Qatar.

Read more:
Who’s predicted to win the World Cup?

The US women's team are perennial winners
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The US women’s team are perennial winners

Men’s soccer has ‘taken off’

After a stilted journey towards an established soccer set-up, the US men’s team are ranked 16th in the world.

FC Dallas president and chairman Dan Hunt spoke to Sky News about how the men’s game, domestically, has grown.

He said: “The success of American soccer really goes back to 1994. Having the World Cup here in the United States kicked off a new generation of players on the men’s side.

“The women’s game was already successful and doing well, but the excitement and energy that brought really kickstarted soccer again in this country.

“It’s been a history of fits and starts and stops. You look at the big win against England in 1950, which was such a reference point, and then we basically went dark for 40 years, between 1950 and 1990.

Maryland fans are confident that their country's team will have a good World Cup
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Maryland fans are confident their country’s team will have a good World Cup

“The old NASL (North America Soccer League) has come and gone. The promise that we had to make as a country was to create a first division professional league, and that’s what brought MLS (Major League Soccer) to life.

“The early years of MLS were incredibly difficult but, for me, the most pivotal moment was the 2002 World Cup where the US team did really well with a number of MLS players.

“Some had already gone abroad and had success in Europe, but that really was the foundation because, only a year earlier, MLS had talked about going out of business and that was the little bit of momentum we needed.

“Since then, the MLS has really taken off.”

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US and Wales share the points in World Cup opener

Nov 21, 2022; Al Rayyan, Qatar; United States of America forward Timothy Weah (21) reacts after scoring a goal against Wales during the first half during a group stage match during the 2022 FIFA World Cup at Ahmed Bin Ali Stadium. Mandatory Credit: Yukihito Taguchi-USA TODAY Sports
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Timothy Weah earned the US a point in their opening match against Wales. Pic: USA TODAY Sports

While football club academies in America have, increasingly, become a feeder to the highest level of the sport, the college system still provides a pathway to the professional game.

The University of Maryland is a powerhouse production line of talent – graduates from its scholarship programme have played in the last five World Cups.

Sasho Cirovski is the university’s coach, whose career has spanned decades of growth in the American game.

Sasho Cirovski
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Sasho Cirovski says soccer has come a long way in the US

He told Sky News: “The American college system is unique to the whole world. It’s the one place in the world where you can combine high level academics with high-level soccer in a residential setting with tremendous facilities.

“You’re prepared to deal with being away from home, you’re prepared to deal with the expectations of performance.

“You’re scrutinised by the media, you’re challenged by the coaches, and you’re around players who also want to be high-level pros and win championships. So, when you have that kind of support network where you can grow, and you can blossom, it allows players to realise their dreams.

“We have the great advantage in this country of being able to watch and experience and learn from other sports. There is a character and competitiveness about the American athlete – a winning mentality, a toughness that is bred across different sports.

“For a long time, we had to learn from watching the Bundesliga or English Premier League – now we can see it in our own country. But we can also see it from other sports, so there’s a wide array of learning around you that really shows you what it’s going to take to be great.”

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Financial markets were always going to respond to Trump tariffs but they’re also battling with another problem

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Financial markets were always going to respond to Trump tariffs but they're also battling with another problem

Global financial markets gave a clear vote of no-confidence in President Trump’s economic policy.

The damage it will do is obvious: costs for companies will rise, hitting their earnings.

The consequences will ripple throughout the global economy, with economists now raising their expectations for a recession, not only in the US, but across the world.

Tariffs latest: FTSE 100 suffers biggest daily drop since COVID

Financial investors had been gradually re-calibrating their expectations of Donald Trump over the past few months.

Hopes that his actions may not match his rhetoric were dashed on Wednesday as he imposed sweeping tariffs on the US’ trading partners, ratcheting up protectionism to a level not seen in more than a century.

Markets were always going to respond to that but they are also battling with another problem: the lack of certainty when it comes to Trump.

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He is a capricious figure and we can only guess his next move. Will he row back? How far is he willing to negotiate and offer concessions?

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There were no winners from Trump’s tariff gameshow
Trade war sparks ‘$2.2trn’ global market sell-off

These are massive unknowns, which are piled on to uncertainty about how countries will respond.

China has already retaliated and Europe has indicated it will go further.

That will compound the problems for the global economy and undoubtedly send shivers through the markets.

Much is yet to be determined, but if there’s one thing markets hate, it’s uncertainty.

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Stock markets suffer sharp drops after Donald Trump announces sweeping tariffs

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Stock markets suffer sharp drops after Donald Trump announces sweeping tariffs

Stock markets around the world fell on Thursday after Donald Trump announced sweeping tariffs – with some economists now fearing a recession.

The US president announced tariffs for almost every country – including 10% rates on imports from the UK – on Wednesday evening, sending financial markets reeling.

While the UK’s FTSE 100 closed down 1.55% and the continent’s STOXX Europe 600 index was down 2.67% as of 5.30pm, it was American traders who were hit the most.

Trump tariffs latest: US stock markets tumble

All three of the US’s major markets opened to sharp losses on Thursday morning.

A person works on the floor at the New York Stock Exchange in New York, Monday, March 31, 2025. Pic: AP
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The S&P 500 is set for its worst day of trading since the COVID-19 pandemic. File pic: AP

By 8.30pm UK time (3.30pm EST), The Dow Jones Industrial Average was down 3.7%, the S&P 500 opened with a drop of 4.4%, and the Nasdaq composite was down 5.6%.

Compared to their values when Donald Trump was inaugurated, the three markets were down around 5.6%, 8.7% and 14.4%, respectively, according to LSEG.

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Worst one-day losses since COVID

As Wall Street trading ended at 9pm in the UK, two indexes had suffered their worst one-day losses since the COVID-19 pandemic.

The S&P 500 fell 4.85%, the Nasdaq dropped 6%, and the Dow Jones fell 4%.

It marks Nasdaq’s biggest daily percentage drop since March 2020 at the start of COVID, and the largest drop for the Dow Jones since June 2020.

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The latest numbers on tariffs

‘Trust in President Trump’

White House press secretary Karoline Leavitt told CNN earlier in the day that Mr Trump was “doubling down on his proven economic formula from his first term”.

“To anyone on Wall Street this morning, I would say trust in President Trump,” she told the broadcaster, adding: “This is indeed a national emergency… and it’s about time we have a president who actually does something about it.”

Later, the US president told reporters as he left the White House that “I think it’s going very well,” adding: “The markets are going to boom, the stock is going to boom, the country is going to boom.”

He later said on Air Force One that the UK is “happy” with its tariff – the lowest possible levy of 10% – and added he would be open to negotiations if other countries “offer something phenomenal”.

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How is the world reacting to Trump’s tariffs?

Economist warns of ‘spiral of doom’

The turbulence in the markets from Mr Trump’s tariffs “just left everybody in shock”, Garrett Melson, portfolio strategist at Natixis Investment Managers Solutions in Boston, told Reuters.

He added that the economy could go into recession as a result, saying that “a lot of the pain, will probably most acutely be felt in the US and that certainly would weigh on broader global growth as well”.

Meanwhile, chief investment officer at St James’s Place Justin Onuekwusi said that international retaliation is likely, even as “it’s clear countries will think about how to retaliate in a politically astute way”.

He warned: “Significant retaliation could lead to a tariff ‘spiral of doom’ that could be the growth shock that drags us into recession.”

Read more:
Do Trump’s ‘Liberation Day’ tariff numbers add up?

Tariffs about something more than economics: power

It comes as the UK government published a long list of US products that could be subject to reciprocal tariffs – including golf clubs and golf balls.

Running to more than 400 pages, the list is part of a four-week-long consultation with British businesses and suggests whiskey, jeans, livestock, and chemical components.

Meanwhile, Prime Minister Sir Keir Starmer said on Thursday that the US president had launched a “new era” for global trade and that the UK will respond with “cool and calm heads”.

It also comes as Canadian Prime Minister Mark Carney announced a 25% tariff on all American-imported vehicles that are not compliant with the US-Mexico-Canada trade deal.

He added: “The 80-year period when the United States embraced the mantle of global economic leadership, when it forged alliances rooted in trust and mutual respect and championed the free and open exchange of goods and services, is over. This is a tragedy.”

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Trump’s tariffs are about something more than economics: power

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Trump's tariffs are about something more than economics: power

Tanking stock markets, collapsing world orders, devastating trade wars; economists with their hair ablaze are scrambling to keep up.

But as we try to make sense of Donald Trumps’s tariff tsunami, economic theory only goes so far. In the end this surely is about something more primal.

Power.

Understanding that may be crucial to how the world responds.

Yes, economics helps explain the impact. The world’s economy has after all shifted on its axis, the way it’s been run for decades turned on its head.

Instead of driving world trade, America is creating a trade war. We will all feel the impact.

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PM will ‘fight’ for deal with US

Donald Trump says he is settling scores, righting wrongs. America has been raped, looted and pillaged by the world trading system.

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But don’t be distracted by the hyperbole – and if you think this is about economics alone, you may be missing the point.

Above all, tariffs give Donald Trump power. They strike fear into allies and enemies, from governments to corporations.

This is a president who runs his presidency like a medieval emperor or mafia don.

It is one reason why since his election we have seen what one statesman called a conga line of sycophants make their way to the White House, from world leaders to titans of industry.

The conga line will grow longer as they now redouble their efforts hoping to special treatment from Trump’s tariffs. Sir Keir Starmer among them.

President Trump’s using similar tactics at home, deploying presidential power to extract concessions and deter dissent in corporate America, academia and the US media. Those who offer favours are spared punishment.

His critics say he seeks a form power for the executive or presidential branch of government that the founding fathers deliberately sought to prevent.

Whether or not that is true, the same playbook of divide and rule through intimidation can now be applied internationally. Thanks to tariffs

Each country will seek exceptions but on Trump’s terms. Those who retaliate may meet escalation.

This is the unforgiving calculus for governments including our own plotting their next moves.

The temptation will be to give Trump whatever he wants to spare their economies, but there is a jeopardy that compounds the longer this goes on.

Read more:
Do Trump’s numbers on tariffs really add up?
Trump hits island home only to penguins with 10% tariffs

Chinese Vice President Han Zheng gestures to Britain's Chancellor of the Exchequer Rachel Reeves following a photo session at the Great Hall of the People in Beijing, Saturday, Jan. 11, 2025. (Florence Lo/Pool Photo via AP)
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Could America’s traditional allies turn to China? Pic: AP

Malcolm Turnbull, the former Australian prime minister who coined the conga line comparison, put it this way: “Pretty much all the international leaders I have seen that have sucked up to Trump have been run over. The reality is if you suck up to bullies, whether it’s global affairs or in the playground, you just get more bullying.”

Trading partners may be able to mitigate the impact of these tariffs through negotiation, but that may only encourage this unorthodox president to demand ever more?

Ultimately the world will need a more reliable superpower than that.

In the hands of such a president, America cannot be counted on.

When it comes to security, stability and prosperity, allies will need to fend for themselves.

And they will need new friends. If Washington can’t be relied on, Beijing beckons.

America First will, more and more, mean America on its own.

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