China Reviews Tariffs on Australian Wine for Possible Scrapping
Wineries will likely benefit from the removal of tariffs, although it will take time to rebuild market share.
Photographer: Fred Dufour/Getty ImagesThe Chinese government has begun reviewing its tariffs on Australian wine, with Beijing likely to remove the taxes in the coming months to end years of punitive sanctions imposed after relations deteriorated.
The review started on Thursday and should end before Nov. 30, 2024, according to a statement from the Chinese Commerce Ministry. The Asian nation imposed anti-dumping tariffs of up to 218% on wine in March 2021, decimating what had been one of Australia’s major overseas markets.