The Irish Farmers Journal is reporting today details of the tariff proposals that will be presented to the UK cabinet at a special cabinet meeting.
If the reports are accurate, the results could have very serious implications for the Irish beef sector in the event of a no deal Brexit.
The Irish Farmers Journal is claiming that punitive trade tariffs will be imposed on Irish beef by the British Government, but a possible loophole in the form of a tariff-free quota will also apply to Ireland’s main competitors, Brazil, therefore lowering prices.
Phelim O’Neill is a markets specialist. He’s been outlining to what the main consequences could be for Irish farmers.