With ongoing China-US trade war souring Chinese consumers’ appetite for American wines, California Wine Institute’s Asia director is calling wineries not to abandon Chinese market … Read More
US-China trade war
Japan is planning to eliminate its 15% tariff on American wine imports in the next five to seven years as the two trade partners are poised to sign a deal at the end of this month. Read More
China’s wine industry is probably facing the most challenging time since anti-corruption campaign in 2012 that cracked down on ostentatious spending and luxury lifestyle.
Reeling … Read More
Over 2000 wine importers in China have gone bust, discouraged by ongoing trade war and worsening economy that have squeezed profits and dampened consumer interest. Read More
It’s the worst nightmare that most producers in the US fear – and now increasingly seems like a reality that they have to deal with … Read More
If the threatened increase comes into effect on June 1, taxes on American wine exports to China would be pushed to close to 100% compared with the regular 48%. Read More
China’s bottled wine imports in the first three months of the year failed to show any signs of uptick, and continued with the downward trend … Read More