Neil Emmerson/Getty Images
The Brexit clock is ticking, which means American consumers will have two years to figure out how – if at all – events across the Atlantic Ocean affect them.
A formal triggering of the process by British Prime Minister Theresa May is putting the United Kingdom officially on its way to separating itself from the European Union. Expect a couple of years of intense divorce negotiations about how trade and migration will work between Britain and the EU.
Last summer’s referendum already has reverberated through the U.K. economy, and that has had an impact, if muted, in the United States. Yet nobody knows the final outcome, given both the unprecedented nature of the Brexit vote and the similar protectionist winds blowing both here and elsewhere.
“It’s a long, drawn out process, and this thing is going to be with us for a while,” says Bodhi Ganguli, lead economist of Dun & Bradstreet’s Country Risk team. “There’s inherent uncertainty involved in all of this.”
That doesn’t mean you should sit and wait.
Here are four things Americans should do before Brexit becomes official.