Travel expert urges Brits to do this 1 thing now in wake of Trump’s tariffs

He promised he’d do it in the run-up to the American election,

Mr Farage said

We’re not ideological, we’re pragmatic. If there’s flexibilities that help, which is what we’ve done today in important times for JLR, of course we will take those steps.”

But he said

When the prices of these items increase it's likely the costs will be passed on to the customer.”

He added

The new tariffs aren't directly targeting travel, but there will be knock-on effects,

Robert said

With summer fast approaching, waiting around to book your holiday could see you incur these higher fees that will be passed on to the consumer as airlines will begin to factor oil price increases into their ticket prices,

Robert warned

When the pound drops in value it affects everyone, not just importers,

Robert explained

British holiday businesses rely on imported goods, from food to cleaning supplies and everything else in between,

the expert explained

And if ... if you are planning to travel in Europe or the US you will start to feel the pinch when you're booking hotels, eating out or even shopping overseas.”

He added

The first lever can’t be more taxes.”

The PM promised not to increase the three main revenue-raisers of Income Tax, National Insurance or VAT - insisting

There is going to be an enormous impact on the global economy,

Narayanan said

The U.S. was a very different country; it was an emerging country catching up to industrialized nations like France and Germany,

he added, describing the current policies as “absurd.”

The tariffs may be effective in achieving one thing: making the U.S. less investable, eroding its soft power, and reducing financial flows into the U.S.,

Thiemo Fetzer, an economic professor at England’s University of Warwick told NBC News in an email

This is possibly one of the most significant moves in trade policy that we’ve seen in a long time — maybe even generation,

said Pranesh Narayanan, a research fellow at London’s Institute For Public Policy Research think tank

I wouldn’t want to be the last country that tries to negotiate a trade deal with @realDonaldTrump,

Trump’s son, Eric, wrote on X last week

‘Can I still do business in the U.S.?’

Companies will ask ... he added

This will lead to a devaluation of the dollar that will just increase the economic pain for U.S. consumers,

he added,

The growing expectation of interest rates being cut more quickly than previously expected will feed through to mortgage rates

David Hollingworth of broker L&C Mortgages said

Swaps are on the slide and then some. Given that fixed-rate mortgages are priced off swaps, it's surely only a matter of time before the cuts from lenders start coming. Any ideas that the current uncertainty might be a flash in the pan are quickly subsiding and markets are betting on a rate cut at next month's meeting of the Monetary Policy Committee. Trump has unleashed chaos but borrowers look set to benefit."

Katy Eatenton, mortgage specialist at Lifetime Wealth Management commented

We could see some really big cuts in fixed-rate mortgage pricing this week. With house prices dipping according to Halifax and millions set to remortgage, a rate cut could spark much needed momentum in a hesitant market. It will take a brave lender to make the first big move on rates, but once one does, others may quickly follow."

Riz Malik, independent financial adviser at R3 Wealth, commented

Since Trump's Tariffs were announced, we have seen swap rates fall across the board, which could mean that lenders can reprice their mortgage products downwards. We could well see mortgage rates starting with a 3 once more. Much depends on the length of time Trump holds his current position, and the erratic nature of decisions coming from Washington means that the market will remain capricious. Lenders may, therefore, be reluctant to move too quickly and adopt a wait-and-see approach."

Andrew Montlake, managing director at Coreco said