China Lifts Punishing Tariffs on Australian Wine

In a sign of easing tensions between Australia and China, China said Thursday it will lift the tariffs it placed on Australian wine more than three years ago.

The tariffs, which were first imposed in 2020 amid a nasty diplomatic spat between Australia and China, had all but vaporized the country’s biggest overseas market, worth 1.2 billion Australian dollars or around $800 million at its peak.…

This data comes from the ChinaPulse.com media intelligence and smart news insights monitoring platform.