China-Australia relations: Chinese tariffs weighing heavy on world’s largest listed winemaker after profits plunge

Treasury Wine Estates, the world’s largest listed winemaker, expects demand in China to “remain extremely limited” due to Chinese tariffs on Australian wine imports, with analysts saying the redirection of surplus wine to other markets will take up to two years. China imposed up to 212 per cent anti-dumping duties on Australian wine in November, and after announcing on Wednesday that its half-yearly profit plunged, Treasury Wine is expecting a “minimal contribution from China” in the second…

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