Australian winemakers count the cost after break-up with China
Sydney — China’s assault on Australia’s wine industry is becoming quite the buzzkill.
The latest round of tariffs — which could push import duties to more than 215% in total — have left Australia’s winemakers reeling. Over the past 25 years, China, with its growing middle class and appetite for cool-region Shiraz, cabernet sauvignon and other big reds, has become Australia’s biggest and most enthusiastic customer. Australia surpassed France as the top exporter to the country by value in 2019; last year, China spent A$1.2bn on imports, about 40% of Australia’s total shipments, according to Wine Australia...
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