China lifts heavy tariffs on Australian wine as ties improve

BEIJING — China on Thursday said it will lift tariffs placed on Australian wine over three years ago, in a sign of improving ties between the two countries.China imposed tariffs on Australian wine in 2020 during a diplomatic feud, sending duties skyrocketing above 200%.

The Australian wine market took a heavy hit from the tariffs, as China was Australia's top wine export destination. Trade tariffs have been a hot topic between Beijing and Canberra in recent years after China imposed a raft of sanctions on Australian goods in 2020 during the most recent nadir in the bilateral relationship. It is estimated that the tariffs cost the Australian economy 20 billion Australian dollars .OTTAWA — Prime Minister Justin Trudeau says conservative politicians across Canada, including premiers, are lying to Canadians about the carbon price.

Carol Burnett Talks 'Awful' Appearance Alongside Elvis Presley on “The Ed Sullivan Show”: 'He Was Very Sweet' Burnett appeared on Tuesday’s episode of 'The Late Show with Stephen Colbert' and was asked about her multiple appearances on 'The Ed Sullivan Show'Kelly Ripa reveals the 'least-sexy thing' she and Mark Consuelos do in bedJessica Simpson Posts Sexy Thirst Traps of Her Mob Wife Look with Sassy Caption: See the Pics!

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China lifts tariffs on Australian wine as bilateral ties recoverExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

China Coal Output Posts First Decline Since Beijing Ordered MoreChina’s output of thermal coal has fallen for the first time in years, adding to signs that Beijing’s long campaign to bolster energy security by digging more of the fuel may have reached its apex.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

China’s Inbound Investment Slows Again Despite Beijing’s EffortsNew foreign investment into China slowed again in February, dealing a blow to policymakers’ recent efforts to lure more overseas capital to the world’s second-largest economy.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Philippines summons China envoy over standoff, dares Beijing to seek arbitrationExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

China’s Top Diplomat Wang Yi to Meet With Australian Business LeadersChina’s Foreign Minister Wang Yi will hold closed door meetings with Australian business leaders and policy experts on Wednesday as part of his first visit to the country in more than seven years.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

China Scraps Tariffs on Australian Wine as Relations ImproveChina lifted its punitive tariffs on Australia’s wine exports, signaling an end to a three-year campaign of trade pressure on Canberra and raising hopes for a revival of the billion-dollar industry.
Source: BNNBloomberg - 🏆 83. / 50 Read more »