Australia-China: China's tariffs on imports squeezing Australia’s wine sector

At its peak, Australia’s wine exports to China were worth $1.26 billion annually, making up 41% of the overall value of Australian wine exports globally. During the past year, exports to China have fallen to $82 million after China imposed duties between 116.2% and 218.4%. Although the loss has not been covered by other buyers, Rachel Triggs of Wine Australia reports some promising signs: in Hong Kong, exports are up 120%; in Singapore, they are up 89%; in South Korea, exports increased by 84%; and in both Thailand and Taiwan, exports are up 50%.