General
China slugs Australian wine with another round of tariffs in trade dispute
China has added insult to injury, applying a new round of tariffs to Australian wine.
Key points:
- An anti-subsidy tariff of 6.3 or 6.4 per cent will apply to Australian wine sold to China
- China has already announced an anti-dumping tariff of up to 200 per cent on Australian wine
- Winemakers says the $1.2 billion trade has already ground to a halt and the new tariff won’t have an impact
China’s Ministry of Commerce today announced that tariffs of either 6.3 or 6.4 per cent, would apply to Australian wine due to claims winemakers were subsidised.
The tariffs will apply from December 11 for the remainder of China’s investigation into countervailing claims, which is expected to report no earlier than August next year.
However, industry group…
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