China slaps ‘devastating’ tariff on Treasury Wine Estates, including Penfolds | ABC News

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  • ABC News (Australia) published this video item, entitled “China slaps ‘devastating’ tariff on Treasury Wine Estates, including Penfolds | ABC News” – below is their description.

    The impact of worsening relations with China is also crippling many Australian businesses. With Beijing now imposing tariffs of up to 200 per cent, the country’s biggest wine company Treasury Wine Estates said that demand in China would be extremely limited from now on.

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