Tariffs To Hit Wine Industry Hard, As Trade War Looms
Play
Stop
After months of deteriorating trade relations between Australia and China, Beijing have announced it will place crippling tariffs of up to 212% on all Australian wine imports – an enormous blow to a 1.2 billion a year industry.
Shares in Treasury Wine Estates, one of Australia’s largest exporters, plunged 11 per cent after the news broke, with the company’s trading coming to a standstill.
Tina Quinn spoke with Tony Battaglene, CEO of Australia Grape and Wine.
(Visited 13 times, 1 visits today)
Download Audio