Treasury Wine Estates faces duty rate of 175.6% for Australian wine exports to China

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Australia's Treasury Wine Estates Ltd said on Monday it would face an anti-dumping and countervailing duty rate of 175.6% for its Australian country-of-origin wine in China, after an investigation by that country's Ministry of Commerce.

FILE PHOTO: Bottles of Penfolds Grange, a Treasury Wine Estates brand, on sale at a wine shop in Sydney, Australia, August 4, 2014. REUTERS/David Gray/File Photo/File Photo

- Australia’s Treasury Wine Estates Ltd said on Monday it would face an anti-dumping and countervailing duty rate of 175.6% for its Australian country-of-origin wine in China, after an investigation by that country’s Ministry of Commerce.

 

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Mmm.. TBH, I'm really not sure why a bottle of Grange has to be $700.

California wine sellers be like 🤑🤑🤑🤑

can't sell to other markets? is Australian wine so inferior that only the Chinese can consume it?

The chinese have got their own producers now anyway.

Let the Chinese DRY OUT!

Seems excessive.

More please. Barley, beef, lobster duty rate on the way. No mercy for throat-slicers.

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