The Asian superpower last year accused Australian winemakers of “dumping” – selling below the cost of manufacturing their products in a bid to increase market share – and imposed an interim tariff of 175.6 per cent while its investigation was under way.
But the company said it had “increasing confidence” around its plans to divert luxury wine previously destined to China to other markets. “However, the five-year tariff removes a source of optimism some investors had for Treasury Wine that such an elevated level of anti-dumping duty could be sustained,” Ord Minnett said.Source:News Limited
Maybe we should learn from Canada who are best mates with China .
Australian beef, barley, wine, lobsters and coal exports have been targeted by CHINA its time to hit BACK Let’s put a TAX on iron -ore and meat that comes from Chinese owned Abattoirs take BACK the port of Darwin ScottMorrisonMP AlboMP STAND UP TO CHINA OR BE VOTED OUT
Chinese media would fully support its national position. Our media has this sense of grovelling to CCP. It's time to do business with other nations. Premeditate and withdraw future exports. First warn them like CCP and just do it. The US, UK, Canada, NZ should all do the same.
Oh, no, the degenerate alcohol pushers are not going to maximise their profits.
That’s ok. Australian wine doesn’t pair well with dog anyway
Just imagine how The Blacksmith felt when Cars took over from horses !
Here come the Morrison bashers
Lools like India has a lot of wine to drink. India is the new China.
So let us return the favor. The Chinese send us billions in goods. Tax all of them. Put a 25% foreigner tax on all property & business purchases. Offer immediate citizenship to Hong Kong Nationals who want to emigrate to Australia and can start a business and employ people.
Sounds like the industry put all their grapes in one basket. That's a you problem for sure.
Maybe they should stop whining and do something else then... Heck yeah I did 😶
I thought it’s already taken care of by domestic demand. Weren’t people super excited? What happened, drank too much?
Drink VB instead like me
When the times were good, they should have invested in new markets. If you only have one pillar supporting a house, it's obvious what happens when that pillar is removed.
Good riddance China close now all exports and imports from Australia to China. Australia is closed ❌to China from everything including iron ore.
Good. Alcohol should be illegal causes more violence and abuse than illicit drugs