France outstrips Australia to become China’s top wine supplier
France has overtaken Australia to become China’s No.1 wine supplier, based on the latest Customs data, a result of the crippling tariffs slapped on Australian wines.
Tag: tariffs
Australian wine exports to China plunge over 95%
Australian wine exports to China were shaved off by over 95% since the punitive tariffs came into effect last November, painting a grim roadmap that leaves little breathing room for Australian wineries in the Chinese wine market for the next five years.
TWE profits down 24% due to pandemic and China tariffs
Global pandemic coupled with China’s crushing anti-dumping tariffs on Australian wines have shaved off 24% of profits for Australian wine giant, Treasury Wine Estates, parent company of Penfolds.
Wine Australia pulls plug on China Roadshow and China’s biggest wine fair
With crushing tariffs on Australian wines and international travel restrictions due to the coronavirus pandemic, Australia is sobering up to a costly China fallout.
Chinese-owned Australian wineries report unfair abuse
A few Chinese-owned Australian wineries are reporting unfair treatment and abuse after a social media campaign emerged in Australia calling for consumers to boycott 41 Chinese-owned wineries in the latest wine-related trade spat.
China’s October wine imports surge on Australian wine rush
China’s October wine imports surged for the first time this year as merchants rush to stockpile Australian wines before any hefty punitive tariffs that have now come into effect this month.
TWE eyes other markets and a possible China production base
Treasury Wine Estates has announced today that it will pivot towards other luxury markets to offset its loss in China and hints at opening a new production base in the country.
Treasury halts Penfolds demerger amid China ordeal
Australian wine giant Treasury Wine Estates has officially halted its plan to demerge its most popular wine brand, Penfolds, as its biggest export market China mounts tariff threats and wine ban.
China’s wine imports continue to slide in first nine months
China’s wine imports in the first nine months of the year continued a worrying double-digit slide, but rush for importers to stockpile Australian wine before punitive tariffs hit resuscitated imports in September.
Bourgogne wine exports clipped by Covid in H1
Covid-19 and the sting of Trump’s punitive tariffs on French wines are souring the taste of Bourgogne wines in export markets.