Brexit Spawned by Tensions Over Globalization, Obama Says

June 24, 2016 8:19 PM

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The U.K.’s vote to exit the European Union shows the challenge posed by globalization, President Barack Obama said Friday, while promising that the “special relationship” between the U.S. and Britain would endure.

Obama said he respected the decision of British voters, and spoke with Prime Minister David Cameron -- who announced he will resign -- about ensuring the country’s“orderly transition” from the EU.

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