With Australia’s winemakers rethinking their future in the lucrative Chinese market, hit with painful tariffs as relations between the two countries worsen, rival producers around the world are ready to pounce.
Canberra and Beijing have been locked in a diplomatic and economic standoff for most of this year, with China hitting out at a list of issues including Australia’s call for an inquiry into the origins of COVID-19 and a ban on Huawei’s participation in the country.
The row has seen at least 13 Australian sectors hit with import levies, including beef, coal and barley — but one of the worst affected is wine, with the industry hit by two waves of tariffs in November and D…
Keep on reading: Rivals ready to pounce as Australian winemakers eye China exit