China is slashing whisky tariff down to 5%, which is expected to generate £250 million in economic benefits for the UK over the next five years. Read More
tariff
A 200% tariff threat on French wine and Champagne has put the industry back in Trump’s crosshairs, unsettling exporters and reopening old trade wounds.
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King Power, Thailand’s duty-free monopoly at five major airports, is seeking to terminate its long-term concession contracts early, saying a collapse in Chinese tourism and the government’s scrapping of wine import duties have severely undercut sales and made its business unsustainable. Read More
U.S. wine exports to Canada fell 93% in April, the steepest year-on-year drop in more than two decades, as Canadian provinces pulled American alcohol from store shelves in response to U.S. tariffs. Read More
The European Commission approved a €5 billion (US$5.6 billion) French scheme Thursday to help wine and spirits exporters accelerate shipments to the US before a 90-day tariff truce expires July 8. Read More
The Bourgogne Wine Board (BIVB) warned the new tariff could cost the region’s producers up to €100 million (about US$108 million) in lost export revenue, dealing a serious setback in what has long been their largest overseas market. Read More
China’s largest duty-free operator has allegedly removed cognac products from top producers, including Martell, Hennessy, and Rémy Cointreau, in what appears to be an escalation of trade tensions between Beijing and Brussels. Read More
The probe, originally scheduled to conclude within a year, will now run until April 5, 2025. Read More
Treasury Wine Estates, the Australian wine giant that owns Penfolds, says it’s “prepared and well placed” to resume shipping of its wines including Penfolds Bin and Icon series to the Chinese market once Beijing completes tariff review as soon as next month. Read More
More than 11 tons of Australian wines were blocked from entry in China due to what customs authorities cited as using excessive food additives and labeling issues.
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