China’s latest tariffs on Australian winemakers might cost them their biggest customer

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 The latest round of tariffs — which could push import duties to over 215% in total — have left Australia’s winemakers reeling. Over the past 25 years, China, with its growing middle class and appetite for cool region Shiraz, Cabernet Sauvignon and other big reds, has become Australia’s biggest and most enthusiastic customer. Australia surpassed France as the top exporter to the country by value in 2019; last year, China spent A$1.2 billion ($904 million) on imports, about 40% of Australia’s total shipments, according to Wine Australia.


Read more:  https://theprint.in/world/chinas-latest-tariffs-on-australian-winemakers-might-cost-them-their-biggest-customer/565887/ 



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