The stock markets tanked, but soon rebounded, protesters quickly hit the streets to voice their disdain for Donald Trump, but despite venting, it still wouldn’t change the fact that, like it or not, he is the new President of the United States.
Now, we wait for him to take office in January and the golf industry is in limbo as much as anybody until that happens.
For one thing, Trump has threatened to leave the North American Free Trade Agreement, which affects not only Canada but Mexico, if they don’t renegotiate.
Another potential move could specifically affect the golf industry, that being his vow to slap a 45 per cent tariff on Chinese goods if China doesn’t change its trade practices, which he calls unfair.
Retaliation by China could not only lead to a trade war and slow the general economy, it could affect golf club manufacturers, which get a significant percentage of components, especially clubheads, from China, although that’s beginning to shift to other countries, and apparel companies that source fabrics from China and other Asian countries.
Of course, that will lead to significant increases in costs for manufacturers and eventually consumers at a time when the industry is already dealing with the fallout of bankruptcies among major golf retail chains in North America.
That’s one golf-specific example of how the industry could be affected, but just speculation at this point based on what he said during the campaign, so we’ll just have to sit tight and see what happens once he takes office in January.
Just like other businesses and the rest of the world.
Boycott The President?
Let’s be honest, few of us can honestly say we expected Donald Trump to become president and now that he has, any movement to vilify or exclude his golf courses from hosting high-profile events gets oh-so-dicey when you’re discussing the leader of the free world.
It would have been much easier to disparage Trump had he lost to Hillary Clinton on Tuesday and there would have been a large audience to applaud as that happened, but now that he’s commander in chief, is the LPGA Tour/USGA really interested in moving next year’s U.S. Women’s Open from Trump National in Bedminster, N.J., simply because Martha Burk decides to berate players as “good little girls” doing what they’re told in this story?
Expect Burk’s efforts on this one to be as successful as her first protest in 2003 outside Augusta National in the movement to get female members into that exclusive club, something that didn’t happen until 2012.
Update On GNN Poll
Speaking of governments, this week’s GNN Poll asks readers how the would describe the effects of government decisions on business these days. As of this writing, 78 per cent said detrimental, 19 per cent said tough, but fair, and three per cent said positive.
You can cast your vote on the GNN home page.