Chinese ambassador says tariff discussions ‘on the right track’

News Snapshot:

“We cannot afford to have growth that’s too low or lower than 5 per cent.” Treasury Wine Estates was one major ASX-listed group affected by Chinese trade restrictions. Before the 212 per cent tariff was introduced, Australia’s wine export market was worth $1.2 billion to China. Treasury Wine CEO Tim Ford said the company had kept a team of 100 people in China and, while it could take up to four years to rebuild the company’s business in the country, it would come back because “consumers in China love quality and the love brands.” “We’re ready to re-enter that market...