The US has decided to continue an extra 25% tariff on EU exports, including Irish dairy products, for at least another six months.

Sliced bread baked here could increase in price by between eight cents and 15 cents a loaf.

The European Commission has drawn up a list of US imports worth around €20bn that it could hit with tariffs over a transatlantic aircraft subsidy dispute, EU diplomats said.

The proposed introduction of tariffs by Britain on Irish exports would lead to 'Armageddon' in Irish farming, the Dáil heard.

The Minister for Foreign Affairs Simon Coveney has said tariffs imposed by Britain in the event of a no-deal Brexit will be damaging to Irish businesses, farmers and consumers.

Minister for Agriculture Michael Creed has admitted that the UK’s plans for tariffs are “potentially a disaster”.

British threats to slap significant tariffs on Irish beef in the event of a no-deal Brexit have been raised in the Dail with the government claiming EU support will be there for farmers hit by changes.

If tariffs are introduced on Irish beef exports into the UK, as has been suggested by the UK’s Environment Secretary Michael Gove, then meat plants here will close and there will be job losses is the warning from the director of Meat Industry Ireland.

The director of Food Drink Ireland, Paul Kelly, wants the Government to flex its muscles to ensure greater protections for the Irish food and beverage sector in the event of a no-deal Brexit.