Leading Australian wine brand Penfolds will begin sourcing and producing wine in China in order to sidestep crippling tariffs imposed by Beijing. Penfolds has a 178-year history and is one of Australia’s oldest wineries—like many other local exporters, the company was hit by tariffs ranging from 107.1 to 212.1 percent as part of the Chinese…
Top Aussie Wine Brand to Be ‘Made in China’ to Bypass Steep Tariffs
May 18, 2022
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