As part of his election campaign, U.S. President Joe Biden has announced steep tariff increases to a wide array of Chinese imports, which has seen China state their opposition and intention to defend its own interests. These new tariffs affect $18 billion in imported Chinese goods...
China's abolishment of the wine tariff in March has seen Australian wine exports skyrocket in the months since. Following the removal of this tariff, Australian wine exports have risen by more than 675% in volume and 8300% in value, as Australia's exported wine value hit over...
The collapse of the Middle East peace talks has seen China's container shipping futures rally, with interest up 15% from the previous week, potentially indicating shippers belief that rates will stay elevated. In addition, Linerlytica's latest report revealed that spot market rates have risen by almost...
In welcome news, China 's Ministry of Commerce has announced the abolishment of tariffs on Australian wine, which became effective as of 29th March 2024. Prior to the introduction of these punitive tariffs, mainland China was Australia's most valuable export market, worth AU$1.3billion, a value...
This week has seen the Chinese government release an interim recommendation that the duties on wine are no longer necessary. This recent announcement has raised hopes that the removal of the tariffs which hit peaks of 200% on wine and resulted in Australia's annual wine exports...
China has lifted suspensions on three Australian meat export establishments with eight yet to be lifted. The conclusion of these initial suspensions is another positive step towards the stabilisation of the trade relationship between China and Australia. With renewed optimism regarding the removal of all the...
In what is welcome news to the Australian wine industry, China has announced that it will commence the review of tariffs on Australian wine imports from 30 November 2023. China’s wine tariffs originally came into effect November 2020, and imposed a charge, which started at 107.1%...
With the recent announcement that China has officially ended tariffs on Australian barley, the Australian Government has confirmed they will aim to replicate the effort on remaining sanctions against wine. Agriculture Minister Murray Watt hailed the end of Chinese tariffs on Australian barley and said the...
According the latest Ciatti market report Australian wine exporters are cautiously optimistic of a resumption of trade with China. This renewed outlook is based on the fact that China and Australia recommenced trading timber in May, an agreement, which is worth $600 million, therefore increasing...
China's Ministry of Commerce has confirmed that it is willing to work with the Australian government to resolve the wine tariff dispute. This wine tariff, which was placed upon Australian wine producers in November 2022, saw wine exports to China fall from $1.3 billion per...