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China slaps 200% anti-dumping tariffs on Australian wine as relations continue to sour — Eamon Barrett

Summary:
The levies come roughly three months after Beijing began investigating complaints made by the Wine Industry Association of China that Australian winemakers have flooded the market with cheap wine since 2015. Mainland China is an 0 million market for Australia’s wine exports and the leading consumer, consuming about 40% of Australia’s total overseas shipments....FortuneChina slaps 200% anti-dumping tariffs on Australian wine as relations continue to sourEamon Barrett

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The levies come roughly three months after Beijing began investigating complaints made by the Wine Industry Association of China that Australian winemakers have flooded the market with cheap wine since 2015. Mainland China is an $850 million market for Australia’s wine exports and the leading consumer, consuming about 40% of Australia’s total overseas shipments....
Fortune
China slaps 200% anti-dumping tariffs on Australian wine as relations continue to sour
Eamon Barrett
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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