The Australian wine industry will inevitably feel some impact from Trump's 10% tariff however, they are more favourably positioned when compared to other wine markets such as those within the European Union who have been hit with a 20% tariff or South Africa who has...
The 2nd of April saw Trump unveil his schedule of tariffs which will vary by country. These duties will apply to all goods imported under current U.S. trade agreements, except where otherwise specified. Baseline Tariff Nations: including Australia and New Zealand According to the Executive Order (section...
President Trump's 25% tariffs on imports from Canada and Mexico, with an additional 10% tariff on goods from China were officially announced as of 4 March 2025. In response, Mexican President Sheinbaum has declared that her government plans to respond to the U.S. tariffs with its...
United States President Donald Trump's announcement of tariffs on the nation's three biggest trade partners, Canada, Mexico and China, has raised global market concerns. The three tariffs, consisting of 25% tariffs on Mexican and Canadian imports and an additional 10% on China, have momentarily been paused...
Wine bottle manufacturers from China, Chile and Mexico are facing US tariffs as the US Department of Commerce (DoC) has accused their glass wine bottle producers of selling their products in the USA at unfairly low prices. With this investigation underway since January of this year,...
Russia is contemplating imposing a 200% duty on wine imports in order to protect the Russian wine market. This import duty would apply to wine, fortified wine and sparkling wine from ‘unfriendly’ NATO states. The Association of Winegrowers and Winemakers of Russia (AVVR) is driving this...
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...
With a swirling vortex of compounding factors from the Suez and Panama Canal and peak-season surcharges, to the Houthi of the Red Sea through to the general rate increases, there is no doubt that businesses across the globe are being hit with a whirlwind of...
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...