From President Trump’s standpoint, a decline in the World Cup’s popularity due to Ronaldo’s absence would not be pleasant, and the same would be true for FIFA's.
If Trump were to implement his threat, he would, in essence, be Vladimir Putin's partner in crime in a war of aggression that violates international law.
Even Jake Sullivan, former United States president Joe Biden’s national security adviser, said “the Washington Consensus is a promise that was not kept[.]”