26th March, 2018 by Natalie Wang
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The Wine Institute of California has responded to news of Chinese government’s proposed 15% tariff on American wine, warning that the policy could have a, “significant negative impact on the future growth of wine exports to China,” which could result in “lost market share for years to come” for American wine producers.
Following news from last Friday that the Ministry of Commerce is planning to impose 15% tariff on American wine as part of its retaliation against the Trump Administration’s decision last week to levy tariffs on about US$50 billion worth of Chinese imports, in a statement sent to dbHK today, Robert Koch, CEO of the wine institute, said: “Chinese retaliation against US wine would put our producers….
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