The Brexit Wildcard: Three Scenarios and Their Impact on the US Economy

US wants to establish new trade agreements with Post-Brexit Britain, but many questions remain unanswered.

A pro-EU protester demonstrates outside the Houses of Parliament in Westminster on April 4, 2019 in London, England. Jack Taylor/Getty Images

With so much going on in the world—from the U.S. trade war with China, the Hong Kong protests, North Korean missile launches, to the immigration problem on the U.S. Southern border and rising Mideast tensions, the looming hard Brexit isn’t getting as much attention these days.

It should.

E.U. Losing the 5^th Largest Economy

On October 31^st, the United Kingdom (U.K.), the world’s fifth largest economy, will be divorcing its largest trading partner, the European Union (E.U.). It’s a very significant event for both sides. Almost half of the U.K.’s trade is with the E.U., with 56 percent of British-made cars sold to the E.U. and about 25 percent of Britain’s financial services clients located in the E.U.