The Australian wine imports are being hit pretty hard with some new tariffs that they weren’t expecting. There is something going on where they Chinese government is trying to bully Australia when it comes to charging their wine. Without the export of wine from Australia to China, this will really hurt the economy in Australia. The Chinese have enjoyed the wine that comes from Australia a lot more than their own so it is unlikely that they will find something to replace it with.
Key Takeaways:
- The tariffs that Australia is being hit with are so high it is not economical anymore.
- The measures being taken against the tariffs are seen as nothing but bullying.
- The Chinese have developed a likeness for Australian wine so it is not likely they will be able to fill that void.
“Nobody I’ve read or spoken to believes the allegations of wine ‘dumping’, or that wine is being sold in China below the cost of production. Likewise nobody believes these measures are anything other than bullying, a ham-fisted attempt to pressure the Australian Government to soften its stance on a raft of foreign policy grievances.”
Read more: https://www.therealreview.com/2020/12/02/chinese-government-plays-foul/
