Mainland China’s tariffs may see cheaper Australian wines destined for Hong Kong after Lunar New Year, merchants say

Jan 10, 2021 | INVESTING

Hong Kong wine lovers could soon reap an unexpected benefit from the souring of relations between mainland China and Australia: their favourite plonk from down under may become a bit cheaper.Australian reds and whites have found themselves on an expanding list of products hit by sizeable import tariffs in one of their most lucrative markets, as Beijing has upped the ante in a worsening trade spat.With distributors unable to import into the mainland without paying hefty tariffs, they may decide…

Read More

Pin It on Pinterest