China to Impose Anti-Dumping Deposits On Australian Wine
Bloomberg
Published Nov 27, 2020 12:24
Updated Nov 27, 2020 12:45
(Bloomberg) -- China will impose anti-dumping deposits on Australian wine from this weekend, in the latest sign of deteriorating trade tensions between the two nations.
The anti-dumping deposits will take effect Nov. 28 and range from 107.1 to 212.1%, the Chinese Ministry of Commerce said in a statement Friday.
Australia is the world’s most China-dependent developed economy and deteriorating diplomatic ties with Beijing have led to a string of its commodities exports being targeted. Australian wine has already been piling up in the country after China announced two trade probes earlier this year.
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