China slaps duties of up to 218% on Australian wine for 5 years

The duties, which range from 116% to 218%, were announced Friday and come after an investigation by Chinese authorities found instances of “dumping and [market] damage.” They take effect on Sunday.Australian Grape & Wine Chief Executive Tony Battaglene told Bloomberg Friday that the industry group will likely recommend making a complaint to the World Trade Organization. China was, until recently, the largest market for exports of Australian wine.Relations between Australia and China began to deteriorate last April after Prime Minister Scott Morrison called for an international investigation into the origins of the coronavirus. A number of Australian exports — including timber, beef and some types of coal — soon

→ Continue reading at CNN - Business News

More from author

Related posts


Latest posts

Elon Musk’s exit from California can save him $2 billion in taxes

“I am selling almost all physical possessions. Will own no house.”By Elon Musk’s standards, his May 2020 tweet wasn’t all that weird. “Possessions kind of weigh...

Making up for lost time, cargo ships are skipping Oakland and returning straight to Asia

By Augusta Saraiva | BloombergFollowing long delays at southern California’s logjammed ports, cargo ships are bypassing the Port of Oakland and heading directly back...

3 Google workers sue over firings stemming from Trump administration border project

By Joe Schneider | Bloomberg Three former Google employees sued the technology giant claiming they were wrongfully fired for challenging a plan to collaborate...