Wine’s China Opportunity Could Offset Transatlantic Policy Rift Risk — Panjiva
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Wine’s China Opportunity Could Offset Transatlantic Policy Rift Risk

Australia 133 China 3053 Consumer Staples 807 Tariffs 1870 U.S. 5404

Wine may be losing its place on the fringes of trade policy controversy. Having previously been limited to a spat regarding shelf positioning between the U.S. and Canada it may be drawn into China’s relations with the U.S. and Australia. Wine, along with beef, are two major import lines from Australia (worth $2.9 billion and $3.3 billion respectively in Chinese imports) that may be diverted to U.S. exporters as part of thawing America-China trade relations. Chinese imports surged 23% higher in the past 12 months on a year earlier as the earlier anti-extravagance policy faded. American...

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