Australian wine exports to China collapsed to just $12 million in the four months that ended on March 31 from $325 million in the same period a year earlier, as punitive tariffs took their toll. 9News
collapsed to just $12 million in the four months that ended on March 31 from $325 million in the same period a year earlier, as punitive tariffs took their toll.revealed the impact of the hefty tariffs of up to 212 per cent which have been put on bottled products from Australia by Chinese authorities.
In contrast, exports to the UK have soared and are worth $461 million in the same period - but Britain is half the size of the Chinese market. She said the decline in exports was due mainly to a steep decline in Chinese imports as well as less volume available for export. In March, Chinese authorities confirmed they were extending tariffs on Australia wine exports for another five years.The trade sanctions against Australian exporters come after relations between Beijing and Canberra plummeted over the last year.Coal and other Australian exports have been hit with trade sanctions by China during the past year.
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