China Wine Tariffs ‘Extremely Disappointing’: Treasury Wine CEO

Bottles of Australian wine are seen at a store selling imported wine in Beijing, China, on Nov. 27, 2020. Florence Lo/Reuters

Australia’s largest wine exporters have reacted with dismay after Beijing’s Ministry of Commerce (MOFCOM) slapped massive 100 to 200 percent tariffs on imports from the weekend.

A list from MOFCOM reveals Australia’s largest wine producer Treasury Wine Estates (makers of Penfolds, Rawson’s Retreat, and Jacob’s Creek) was hit with one of the highest tariffs at 169.3 percent.