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

Treasury Wine Estates Ltd, the world’s largest standalone winemaker, said on Monday that Beijing had imposed a final combined 175.6% anti-dumping and countervailing duty rate on its Australian wine imports into China, its biggest market. The final decision from China’s Ministry of Commerce, a jump from the 169.3% imposed on Treasury Wine products last November,…

Treasury Wine Estates Ltd, the world’s largest standalone winemaker, said on Monday that Beijing had imposed a final combined 175.6% anti-dumping and countervailing duty rate on its Australian wine imports into China, its biggest market. The final decision from China’s Ministry of Commerce, a jump from the 169.3% imposed on Treasury Wine products last November, […]
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