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The Australian wine industry has welcomed China's decision to abolish heavy tariffs on wine imposed during the COVID-19 pandemic. The tariffs, introduced at the height of diplomatic tensions in 2020, have seen exports worth $1.2 billion a year shrink to as little as $10 million. Producers and exporters are excited by the decision, but say it could take years to recover as Australian wines reenter a changed market.
United-statesBeijingChinaFranceChileAustraliaFrenchChileanAustraliansAustralianAmericaChinese(Bloomberg) -- Most Read from BloombergStock Traders Bracing for Worst Shrug Off Hot CPI: Markets WrapOne of the Most Infamous Trades on Wall Street Is Roaring BackChina Has Never Canceled This Many Shipments of US WheatEx-Wall Street Banker Takes On AOC in New York Democratic PrimaryUS Core Inflation Tops Forecasts Again, Reinforcing Fed CautionAustralian vinters and lawmakers said China proposed lifting punitive tariffs on the nation’s wine, signaling the end is near to a three-year trade disp
Xiao-qianHainanChinaAustraliaIndiaCanberraAustralian-capital-territoryBeijingVietnamRepublic-ofCambodiaAustralianMIL-OSI: Qifu Technology Announces Fourth Quarter and Full Year 2023 Unaudited Financial Results, Declares Semi-Annual Dividend and Announces a New Share Repurchase Plan
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