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China slaps 169pc tariff on Treasury Wine Estates imports, including Penfolds, Wolf Blass, Lindeman’s – ABC News

Australia’s largest wine company says its imports into China have been slugged with a massive 169.3 per cent tariff, and it will implement emergency measures to…

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Australia’s largest wine company, Treasury Wine Estates, says its imports into China have been slugged with a massive 169.3 per cent tariff, and it will implement emergency measures to minimise the damage.
Key points:

  • Australia’s biggest winemaker is valued at over $6 billion
  • Treasury’s well-known brands include Penfolds, Wolf Blass and Lindeman’s
  • Its shares have dropped more than 50pc since January

Trade relations between Australia and China deteriorated even further late last week after Beijing…

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