Business
Here’s why the Treasury Wine share price is getting hammered today – Motley Fool Australia
The Treasury Wine Estates (ASX: TWE) share price has been bludgeoned in today’s trade, down as much as 17%. Here’s a closer look at what’s putting pressure on the winemaker.
The Treasury Wine Estates Ltd (ASX: TWE) share price plunged by as much as 17% in this morning’s trade, but has marginally recovered to currently sit at $10.71 at the time of writing.
This negative price movement has taken place in response to news reported by the Australian Financial Review that China is preparing to levy hefty import duties on Australian wine exports. Australia’s annual exports in wine are estimated to be over $1 billion in value, the large majority of which is conducted by T…
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