Brexit changed how countries trade with each other in many ways. Here are some main points I noticed:
Trade Agreements: After leaving the EU, the UK needed to create new trade deals. This meant making new agreements with countries all over the world to replace the old ones.
Border Regulations: There are now more customs checks and rules at the border. This has slowed down how fast goods move, affecting everything from food imports to making products.
Currency Fluctuations: The value of the British pound has gone up and down. This affects prices and how competitive UK goods are. It makes UK products cheaper for people in other countries but more expensive for people in the UK.
Shifting Alliances: Some companies in Europe are looking to trade with different countries. This has changed how they get supplies, especially in the technology and car industries.
In summary, these changes have made global trade more complicated, and things are still changing!
Brexit changed how countries trade with each other in many ways. Here are some main points I noticed:
Trade Agreements: After leaving the EU, the UK needed to create new trade deals. This meant making new agreements with countries all over the world to replace the old ones.
Border Regulations: There are now more customs checks and rules at the border. This has slowed down how fast goods move, affecting everything from food imports to making products.
Currency Fluctuations: The value of the British pound has gone up and down. This affects prices and how competitive UK goods are. It makes UK products cheaper for people in other countries but more expensive for people in the UK.
Shifting Alliances: Some companies in Europe are looking to trade with different countries. This has changed how they get supplies, especially in the technology and car industries.
In summary, these changes have made global trade more complicated, and things are still changing!