Business
Australian wine producers facing bleak future with China’s tariffs – ABC News
Producers in Australia’s premier wine regions look down the barrel of a difficult future with tariffs likely to put smaller wineries out of business and larger…
Wineries in some of Australia’s premier wine regions are looking down the barrel of a difficult future with China’s wine tariffs likely to put smaller wineries out of business and force larger growers into new markets.
Key points:
- Australia’s wine export industry to China is worth $1.2 billion annually
- The Chinese market for Australian wine is expected to dry up overnight as most wines nearly triple in price
- Smaller wineries will be hardest hit, with some expected to close entirely
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