Business
China wine tariff thuggery hard to swallow – The Australian Financial Review
The irony is thick, with the boss of one of Australia’s largest private wine groups dining at a Sydney Chinese restaurant when the hammer blow came through.
The aftermath hasn’t been pretty for the entire industry, which had built up a booming export business of close to $1.3 billion annually.
Mr Taylor, who is also part of a broad group called Australia’s First Families of Wine, made up of wine groups with a long history of family ownership that includes Henschke Wines, Yalumba, Tyrrell’s and D’Arenberg, said early modelling in the past week signalled just how big the blow would be to the Australian industry.
He said they were early figures, but the…
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