The UK will withdraw from the European Union, and it will presumably have a minimum of two years to draw up new trade agreements with the EU, its biggest trading partner.
Prior to Thursday's referendum, marketplace sellers in the UK seemed unconcerned about the immediate impact of a Brexit vote, believing their country would have plenty of time - and leverage - to forge new agreements with the EU. (See more background
in Thursday's Newsflash.)
As the reality of Brexit was sinking in on Friday, some eBay sellers in the UK voiced their concerns. "If you remember the recession, the biggest problem with the recession was not the economic downturn. The biggest problem was customer fear. The fear stopped them spending money. Your customers changed today. The world changed today. We have no idea what the consequences will be but our businesses are now under the threat of uncertainty."
Some eBay sellers even said sales had stalled immediately after the referendum.
But one user replied, "Just when I thought I'd heard it all on here, someone blames their lack of sales on brexit. Unbelievable!"
On Amazon's US discussion board, a seller questioned the impact on that marketplace. "Will the exit of the UK cause a major disruption in how Amazon runs its International Business," the seller asked. "They certainly won't be the door to the rest of Europe anymore."
Another saw it more positively, writing, "Amazon sellers and Amazon itself have had lots of problems with EU regulations."
On another thread on the Amazon UK boards, a seller explained the impact Brexit could have on the cost of inventory:
"Our products come from both the EU and the far east. The products from the far east may have a smaller import duty imposed by the UK than the one imposed by the EU. so we may benefit there.
"However the products we sell that originate in the EU may now have duty on them.
"The only positive thing I can see is that all retailers will have to adjust their prices by the same margins, either up or down dependent on the changes in import duty."
on the issue, noting that Brexit would impact trade, "massively affecting Amazon's business in Europe," but it devoted a lot of its coverage to an issue some may not have considered: cheap labor.
Noting Amazon's investments in the UK and its plans to open two new UK fulfillment centers and adding 2,500 new permanent jobs in 2016, it wrote, "There's a good chance that hiring could become more difficult, as Amazon relies on low wage, often immigrant workers to staff its fulfillment centers,... who may suddenly find it harder to work in the UK."
We'll have more on Brexit next week. In the meantime, do you think UK's departure from the EU will make cross border trade more difficult? And do you think there will be be a chain reaction?