Election Year or Fear!

[ramAnag]

It misses the point that those are %s, and the cost of goods from for example India, are a lot cheaper than the cost of goods from the US, so the reciprocal value isn't the same %. To "level up", the US will effectively have to produce their own goods, a lot more cheaply, ie lower wages, lower quality of goods. Good luck to them, I think it opens up opportunity for us to leverage trading benefits where the US will have a reduced footprint, but it hurts us all in the short term, and I suspect the US will hurt the most.
Might cash in on some USD while it crashes against the pound ready for our next trip.

I’m off to the U.S. in about a month, RS. Is that GBP v $ advice a likely scenario? Don’t worry, won’t hold you to it.

[Geoff Parkstone]

It's drifted from 1.25 at start of year to 1.32 today. 5.6%

Most ot your holiday expenses may be paid electronically and so use spot rates, it's only worth worrying if you might take $5000 or so in cash in which case there might be a bit of value in a forward exchange contract. I don't suppose you could hedge such a trifling amount

PS note you pu won't get those dollar rated cited as they are wholesale market rates not retail from the post office rtc

[Trickytreesreds]

It misses the point that those are %s, and the cost of goods from for example India, are a lot cheaper than the cost of goods from the US, so the reciprocal value isn't the same %. To "level up", the US will effectively have to produce their own goods, a lot more cheaply, ie lower wages, lower quality of goods. Good luck to them, I think it opens up opportunity for us to leverage trading benefits where the US will have a reduced footprint, but it hurts us all in the short term, and I suspect the US will hurt the most.
Might cash in on some USD while it crashes against the pound ready for our next trip.

Like RA, this isn't my field. But watching Sky this morning, those so called low cost items (de minimus), don't have tariffs collected on them anyway?
It's a hole that China/India have exploited for a long time.

[Ramshank72]

I’m off to the U.S. in about a month, RS. Is that GBP v $ advice a likely scenario? Don’t worry, won’t hold you to it.

No idea how it will pan out, but it's gone in the favour of a stronger pound today, you'd profit a happy meal for every ?100 on today vs yesterday.

[Trickytreesreds]

This made me laugh off Sky. Yearh,that'll teach him Labour.

UK releases list of US products it could target in retaliation for Trump tariffs - which includes golf gear
Business Secretary Jonathan Reynolds has been telling MPs about the UK's potential plans to respond to Trump's tariffs.

And then the UK government released a list - which runs to 417 pages.

It's a list of US products imported into the UK, that the government might choose to tax in response to Trump's tariffs.

Based on data from last year, the list includes around 27% of British imports of US-origin goods.

The government said the list of goods was developed to identify products which would have a more limited impact on the UK.

It also said due regard had been given to UK supply chain risks and wider public interest issues.

The list includes golf clubs, balls and other golf equipment - an area close to Trump's heart...

[ramAnag]

No idea how it will pan out, but it's gone in the favour of a stronger pound today, you'd profit a happy meal for every ?100 on today vs yesterday.

Lol! Thanks, can’t wait!

[SithHappens]

We should just make Trump keep Farage as a retaliatory action.

[ramAnag]

America's average tariff was lower than Mexico's (6.8%) and Canada's (3.8%), though trade agreements between the US and these countries mean that American exports to them are not subject to tariffs. The same is true for South Korea, with which the US has a free trade agreement

You sure about all that, Tricky? I understood that the South Koreans are seriously pissed off at having tariffs raised to 25%.
In my experience there are a huge number of Hyundais and Kia’s in the U.S. and its a part of the world that Trump should avoid alienating.

[SithHappens]

Is this Trumps Liz Truss moment?

[Geoff Parkstone]

South Korea had free trade agreement with USA. Experts Korea to USA $131bn, USA to Kores $65bn. Trade disparity likely to cause reconsideration of relationship by USA.