Winemakers prepare to ‘instantly’ resume exports to China after heavy tariffs abolished

News Snapshot:

In short: The Chinese government's abolition of heavy tariffs on Australian wine has prompted rejoicing within the industry. The Chinese government's abolition of heavy tariffs on Australian wine has prompted rejoicing within the industry. The mood has been tempered by recognition of the challenges of ongoing oversupply in the domestic market, and the need for diversification. The mood has been tempered by recognition of the challenges of ongoing oversupply in the domestic market, and the need for diversification. What's next? The federal government has said the tariffs are being removed "over the course of the day", and winemakers are already...