politics

What Does Brexit Mean For Oregon?

By Kristian Foden-Vencil (OPB)
Portland, Oregon June 24, 2016 4:31 p.m.

As the U.K. decides to leave the European Union, the question in Oregon is: What does it mean for the state?

Oregon State University assistant professor Alison Johnston said the main issue is stock market volatility.

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“I think your big Oregon companies that I know of, companies like Nike, and Intel and Columbia, I don’t think they’re going to be impacted too much,” Johnston said.

Adidas released a statement to OPB, saying it regrets the U.K.’s decision, but expects the demand for sporting goods to continue.

The U.K. ranks 12th among the top countries for Oregon exports: About 2 percent of the state’s exports go there. For comparison, 24 percent of exports go to China.

Johnston said there's also a plus side for Oregonians.

"The good news I guess for anybody doing any traveling in the U.K. anytime soon, they’re going to get a big bang for their buck, because the pound is going to be very down in value," she said.

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