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.
“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.