China lifts tariffs on Australian wine

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China’s removal of punishing tariffs on Australian wine imports will be celebrated with the popping of corks over the Easter weekend but rebuilding the $1.1 billion trade will take time, an assistant minister says. The Chinese Ministry of Commerce announced late on Thursday it was “no longer necessary” to impose sanctions on Australian wine imports. They were imposed by Beijing at the height of diplomatic tensions in 2020. Newsletters: Breaking news as it happens. Subscribe now The decision removes one of the last major sanctions on $20 billion worth of Australian exports, with restrictions remaining on lobster and beef. Assistant...