China lifts heavy tariffs on Australian wine as ties improve
China says it will lift tariffs placed on Australian wine over three years ago, in a sign of improving ties between the two countries
By AP News
Published - Mar 28, 2024, 04:20 AM ET
Last Updated - Mar 28, 2024, 04:20 AM EDT
BEIJING (AP) — China on Thursday said it will lift tariffs placed on Australian wine over three years ago, in a sign of improving ties between the two countries.
China’s Ministry of Commerce said the decision will take effect Friday.
China imposed tariffs on Australian wine in 2020 during a diplomatic feud, sending duties skyrocketing above 200%.
The Australian wine market took a heavy hit from the tariffs, as China was Australia's top wine export destination.
