The best of USA shirt 27.11.2020

Chinese regulators announced Friday that they would impose heavy tariffs on Australian wines after finding preliminary evidence of dumping. Starting Saturday, China will begin slapping duties of between 107.1% and 212.1% on Australian wine imports, the Ministry of Commerce said in a statement.China is by far the biggest importer of Australian wine, according to Wine Australia, a trade organization backed by the country’s government. In the most recent financial year, which ended this September, mainland China alone made up 39% of Australia’s total wine exports by value, the group said.In August, Australia effectively blocked the sale of a dairy business to a Chinese company when an official said the acquisition “would be contrary to the national interest.” That business, Lion Dairy, is now being sold to Australian firm Bega Cheese instead, in a deal worth 560 million Australian dollars ($413 million), the companies announced this week.

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