Thursday, September 22, 2016

Forbes: How Obama's Brexit Snub Hurts American Business

By SIMON CONSTABLE

President Obama’s pledge to kick Britain to the back of the line for new trade deals is quickly becoming a reality, according to recent reports.

That may, or may not, have been a gesture to hurt Britain’s economy. But never mind, the reality is that the move it will hurt American businesses. That’s because it has put Yankee companies at the back of queue for British consumers; people who have a very healthy appetite for consuming goods and services. Here’s what you need to know: