The United Kingdom’s vote to leave the European Union last week could impact more than just trade with the UK, according to the nonprofit public policy institute the Stimson Center.
The so-called “Brexit” may have implications for the Transatlantic Trade and Investment Partnership (TTIP) between the U.S. and EU, as well as the sweeping Trans-Pacific Partnership, which brings together 12 nations in Asia, Oceania and the Americas.
“This is not going to be a fun ride,” said Stimson Center’s Trade21 Director Nathaniel F. Olson. “Where exactly it leads in six months, two years, five years is impossible to know — the day-after posturing already makes that clear. Yet one simple thing we do know is that what happens next can make things either better or worse.”
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