Could U.S. Exports Escape Brexit Fallout?

July 8, 2016 04:00 PM
 
 

Although some analysts have expressed concerns over the impact of Brexit -- Britain’s split from the European Union -- at least one agricultural economist thinks it won’t matter much for American farmers.

“I don’t see any radical changes in trade,” said Vincent Amanor–Boadu, an agricultural economist from Kansas State University in Manhattan, Kansas.

The economist noted that Britain is an independent signatory to the World Trade Organization, which means “they are going to abide by those rules.”

But while Brexit so far appears to have had little effect on U.S. trade, the British pound has fallen to a 31-year low amid concerns of a potential exodus of companies to mainland Europe.

 

 

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