DIHK President Eric Schweitzer and other representatives of the German economy have warned the future British Prime Minister Boris Johnson against a no-deal Brexit. The former London mayor has promised to seek a new deal with the EU or leave without an agreement on October 31st, the current scheduled withdrawal date, in what would be a ‘no-deal' Brexit. Photo: DPA'Massive tariffs overnight'The European trade association Business Europe has also warned against an unregulated Brexit. 'Still a chance to limit negative impact'Yet even without the looming threat of a no-deal, Brexit has already become a burden for the German economy, Schweitzer of the German Chamber of Industry and Commerce said. A total of 70 percent of German companies with business in Britain expected trade to drop in 2019.

Source: The Local July 24, 2019 09:11 UTC