American wine’s prospects in China have been met with another huge blow this week, as the Chinese government announced that it will levy an additional 10% tariff on American wines on top of the 15% previously announced.
American wine exports to China rose in the first half of the year despite increased import tariffs the Chinese government slapped on American wines, and threats of additional retaliatory tariffs, as the world's two largest economies trade threats.
Tequila maker Patrón is pushing the boundaries again with the release of a smoky expression made from agave roasted with mesquite for a week in small stone pits.
US auction house Hart Davis Hart began its autumn season with its biggest ever auction, which was 100% sold and netted a grand total of US$16.7 million.