Question

How many countries are now in the European Union?  Well, Britain left the union. Has  there been a big  impact on the EU since  Britain’s exit?  What will be the potential impact on us (USA)?

Answer 1

The European union (EU) is a 27-country economic and political union. The internal (or single) market functions, allowing the free flow of goods, money, services and citizens between Member States.

The Brexit vote has boosted anti-immigration parties across Europe.16 They could cause an anti-EU vote if these parties win enough support in France and Germany. The EU will lose its most stable economies and dissolve if one of those countries left.

New polls indicate, on the other hand, that the majority of EU people already firmly favour the Union. Nearly 75% say that the EU promotes stability, and 55% claim that it facilitates development. The position of the U.K. is seen by more than a third.

Brexit is a counter-globalization referendum. It takes the United Kingdom further from the financial world's main level. It causes chaos in the U.K. As The Region strives to retain its foreign buyers. The currency markets were in chaos the day after the Brexit referendum. The euro dropped by 2 percent to $1.11.25 The pound fell by 8 percent to $1.36.11 Both boosted the dollar's worth. For U.S. capital markets, the intensity is not healthy. This makes American stocks more risky to foreign buyers.

A poor pound also enables U.S. imports to the U.K. More costly. The United States has a trade surplus of $18.9 billion with the U.K. It exported $141 billion in 2018 while consuming $122 billion.26 If a poor pound makes the U.K., Brexit could turn this surplus into a deficit. More competitive imports. For businesses which operate in Europe, Brexit dampens business growth. U.S. corporations have spent $758 billion in the U.K. Much of this was with some production in the financial sector in 2018.