Germans face trade bottlenecks if Britain leaves the European Union without a de...
German Finance Minister Olaf Scholz attends a budget session at the lower house of parliament in Berlin, Germany, September 10, 2019.REUTERS/Fabrizio Bensch
With only about six weeks to go before Britain is scheduled to leave the bloc on Oct. 31, the European Union has said London has not yet come up with substantial proposals to avert a no-deal divorce. “But we should be under no illusion - it would affect Germany too. New tariffs and additional tariff controls could lead to delays in trade,” he said.In 2018, German exports to Britain accounted for roughly 6% of overall foreign sales, making the United Kingdom the fifth-most important export destination for German goods makers.
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