News > Market

Beijing slaps up to 212% tariffs on Australian wine in response to price-dumping

1 month ago   |   By RT

Chinese regulators said on Friday they would start imposing heavy duties on Australian wines after finding preliminary evidence of dumping. The move comes amid deteriorating trade relations between Canberra and Beijing.
According to China's Ministry of Commerce, starting from Saturday it will begin temporarily slapping duties from 107.1 percent to 212.1 percent on Australian wine imports. In August, the Chinese government announced an anti-subsidy investigation of some Australian wine imports, following a complaint from the China Wine Industry Association.
It argued that some Australian...
Read more ...

 

China slaps 200% anti-dumping tariffs on Australian wine as relations continue to sour

China slaps 200% anti-dumping tariffs on Australian wine as relations continue to sour

1 month ago   |   By Fortune

On Friday, China's Ministry of Commerce said it will impose anti-dumping duties of up to 212.1% on Australian wine imports starting Saturday, prompting one of Australia's largest wine exporters, Treasury Wine Estates , to suspend trading as its shares plummeted 13%.
“We don't see it's justified and we're obviously deeply concerned about what it does,” Tony Battaglene, CEO of Australia's wine association Australian Grape and Wine, told local media of the tariff move. The tariffs will range from 107.1% to 212.1% but the Ministry of Commerce also revealed specific tariffs for a number of...
Read more ...

 


Search by Tags

   Market      Industry      Australia      China      Food and Wine  


Trump administration carries out 13th and final execution

Trump administration carries out 13th and final execution

Dustin Higgs, convicted in the killings of three women in a Maryland wildlife refuge in 1996, was the third to receive a lethal injection this week at the federal prison in... Read more ...

Here are the winning numbers for Mega Millions' Friday drawing for $750 million

Here are the winning numbers for Mega Millions' Friday drawing for $750 million

And the winning numbers are ... Read more ...

CDC: New virus variant will have 'rapid growth' in US at beginning of this year

CDC: New virus variant will have 'rapid growth' in US at beginning of this year

Health officials say by March, a new and more infectious strain of coronavirus will likely become the dominant strain in the U.S. Read more ...

North Carolina vs. Florida State prediction, line: Nip at the Heels

North Carolina vs. Florida State prediction, line: Nip at the Heels

The ACC crown is anyone's for the taking this season, and North Carolina's showdown with Florida State on Saturday afternoon in Tallahassee should provide more clarity to a... Read more ...

Max Holloway worthy favorite in UFC on ABC main event

Max Holloway worthy favorite in UFC on ABC main event

Saturday's UFC Fight Island 7 from Abu Dhabi will be broadcast live on ABC, which is a monumental accomplishment for the organization. The slate is scheduled to begin at noon... Read more ...

UFC boss Dana White to reveal decision on Khabib's future TODAY - and what...

UFC boss Dana White to reveal decision on Khabib's future TODAY - and what that means for McGregor vs Poirier

Fresh from his much-anticipated meeting with Khabib Nurmagomedov, UFC boss Dana White says he will reveal the results of the pair's discussion on Saturday - and the... Read more ...

Trump to leave Washington on morning of Biden's inauguration

Trump to leave Washington on morning of Biden's inauguration

WASHINGTON - President Donald Trump will leave Washington next Wednesday morning, just before President-elect Joe Biden's inauguration, to begin his post-presidential life in... Read more ...

U.S. Executes Dustin Higgs In 13th And Final Execution Under Trump...

U.S. Executes Dustin Higgs In 13th And Final Execution Under Trump Administration

Higgs had been sentenced to death for the 1996 killings of three women in Maryland, which has since abolished the death penalty. (Image credit: Federal Bureau of... Read more ...

You can shop every single product from Netflix's 'Get Organized' right now

You can shop every single product from Netflix's 'Get Organized' right now

The Container Store has it all! Read more ...

Capitol rioters intended to 'capture and assassinate' elected officials...

Capitol rioters intended to 'capture and assassinate' elected officials, prosecutors say

"Strong evidence, including Chansley's own words and actions at the Capitol, supports that the intent of the Capitol rioters was to capture and assassinate elected officials in... Read more ...