Business
Cheap wine and a retail foe: Australia ready to take China to WTO over tariffs – The Sydney Morning Herald
Australia is gearing to launch its second World Trade Organisation action over extra taxes China slapped on wine in a year-long $20 billion trade dispute.
Diplomatic relations between Canberra and Beijing are at their lowest levels in decades, with China imposing more than $20 billion of tariffs in response to a number of Australias moves including calling for a global inquiry into the origins of COVID-19 and banning Chinese telecom giant Huawei from its 5G rollout.
Beijing imposed a range of tariffs and trade strikes on Australian products including barley, wine, beef, lobster and timber.
There has been concern within some quarters of the local wine…
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