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Wine industry facing 'significant oversupply' after ‘extreme’ impact of China’s tariffs
Автор: Sky News Australia
Загружено: 2022-12-21
Просмотров: 1825
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Taylor’s Wines Managing Director Mitchell Taylor says Australia’s wine industry has gone through a “significant oversupply” since China imposed tariffs on the nation’s goods.
He said the impacts of China’s tariffs have been “extreme”.
“Overnight we were building up … and all of a sudden that market just got chopped off,” Mr Taylor told Sky News Australia.
“So we went from about $1.4 billion in exports to literally zero overnight.
“On the positive side, Australia has really supported us, we’re really appreciative of our largest market – the domestic market.”
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