How a no-deal Brexit would have ripple effects on U.S. companies

  • 📰 NBCNews
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 86%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

For American companies selling to the UK, a no-deal Brexit would mean a weaker pound — making US goods more expensive.

The diplomatic machinations around Brexit are head-spinning, but political turmoil wouldn’t be the only result of a so-called “hard” Brexit. Economic concerns if the United Kingdom crashes out of the European Union with no deal in place at the end of October range from the impact on U.S. exports to global implications for international trade.

Tom Elliott, international investment strategist at the deVere Group, predicted “an effective tightening of U.S monetary conditions, through dollar appreciation.” The prospect of business interruption is another risk that could hit American companies. “If you get a no-deal Brexit, you’re going to have a severe disruption of supply chains, which means every U.S. company that has operations in the U.K. [is] going to be very significantly and adversely affected,” Kirkegaard said.

Specifically, a no-deal Brexit could do significant damage to Germany’s export-based economy, and if the E.U.’s biggest economy stalls, the ripple effects could be far-ranging.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Brexit: Why the Irish backstop matters - BBC Newsnight via YouTube

When Macron vetos an extension, Johnson and Trump will announce a US UK trade deal has been agreed to in principle. Trade with the U.K. will quadruple. The pound will bounce back.

Vice President Pence, kisses the butt of this other clueless UK Minister.

THE RICH GOP DON'T GIVE A SHIT ABOUT US! THEY CAN AFFORD TO FEED THEIR FAMILIES ON ARE OUR BLOOD, SWEAT, AND TEARS! REMEMBER THIS AT THE POLES WE ALL WANT AFFORDABLE LIVING! NOBODY LIKES LIVING PAYCHECK TO PAYCHECK!

and why would Brits not then buy from China. Here's just one example- 12 American turkey feathers - 13.00. 100 Chinese turkey feathers 3.49.

And more difficult to sell. Thx trump for pushing your clone as PM. He’s as Stupidly Arrogant as trump.

No deal brexit mean a breach of the good Friday agreement. Congress has stated clearly no trade deal will be made should that agreement be breached. So this article is redundant.

I can’t wait until I don’t have to look at either of those individuals again. 🤢

Is that the liberal spin

Haggis?

Tomato tomatoes..

Pence has a thing for orange men

no, error

Canada Canada Latest News, Canada Canada Headlines