Faced with nearly 80% import taxes, one of the world's best-selling boxed wine brands has abandoned U.S.-made wine in China, replacing it with Australian wine bottled locally.
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Franzia
The latest tariff threatens to effectively wipe out the nearly US$50 million U.S. wine trade with China, as the tax burden on American wines rockets to a staggering 218.91%. Read More
While wine sales for business and gifting have notably declined, unconventionally packaged wines are finding new avenues for growth. Here's our full report. Read More
