Donald Trump's recent trade tariffs have initiated a downward trend in global energy prices, resulting in potentially lower domestic energy bills for UK households this summer. Martin Lewis, founder of MoneySavingExpert, notes that while the tariffs aim to protect American manufacturing, they have created economic uncertainty, consequently lowering oil and gas demand and prices. Lewis projects an approximate 6-8% drop in the July 2025 Energy Price Cap, largely attributed to significant decreases in wholesale gas prices, although the actual savings for households will be minimal.
According to MoneySavingExpert founder Martin Lewis, the "Trump effect" is helping to drive down wholesale energy prices, which means a small drop in domestic bills is likely this summer.
Martin Lewis predicts a 6-8% drop in price cap, saying: "Will the Trump effect mean your energy bills in the UK get cheaper? The short answer is: yes, but only a little."
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