First Brexit and now Trump – 2016 will be remembered

By: Thomas Ström 11/11/16

As I get older, the years tend to flow together, and it has become almost impossible for me to say exactly when a particular event occurred.
But we will remember 2016.
2016 was when we got to experience Brexit and the United States elected Trump for president. 

At a time when the IS strikes fear in the world, and a never-ending war in Syria has resulted in the worst refugee crisis in Europe ever – the overall feeling is bad.
What is going on? Are they not aware of what they are doing? The list of questions could go on and on.

On a personal level I feel both uncomfortable and unsettling. What will happen now? In the case of Trump it is currently impossible to say, except that the world's financial markets and business representatives are very concerned. Among other things, this will probably be shown by a series of exchanges and exchange rates going up and down like a roller coaster. One possible outcome from this most certainly is going to be that certain agreements will be postponed and then – in some cases – not happen at all. 

In terms of work here at NTEX, Brexit is what will have the greatest impact, seeing that UK is our absolutely biggest market.

Without resorting to exaggeration, I will say that the British are wrong. They simply do not understand the meaning of what they have decided.
Brexit will hamper trade between England and the rest of Europe and, ultimately, the decision will entail more expensive trades for the British.

But if they are looking to create new jobs, they are on the right path.
I see about a million new jobs, primarily in the form of customs officials in the countries that are going to trade with Britain. The English will be required to educate and place people by the boarders and at different hubs, such as ports, where goods from other countries are bound. And not just anybody can perform this work – it will require a lot of training. It will get complicated.

In addition, companies are going to have to employ experts in customs clearance, if they wish to continue trades with the UK. NTEX will also need to recruit people who are specialized in customs operations with Britain.

When the whole thing is in full swing, everything imported is going to be more expensive for consumers in the UK. Just look at Norway and Switzerland. 
The question is: do the British even know what they have decided?
Or did they simply not think at all?