China moves to block Aussie wine

Advertisement

Via Reuters:

China’s Ministry of Commerce said on Tuesday it had begun an anti-dumping investigation into imports of wine from Australia following a call from the China Alcoholic Drinks Association on behalf of the domestic industry last month.

The anti-dumping probe will look at imports of wine from Australia in containers holding two litres or less in 2019, the ministry said in a statement on its website, adding that it would also investigate any damage done to the Chinese wine industry from 2015-19.

All the way with the USA.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.