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China tariffs could help Australia gain share from US wine, nut and fruit producers

China's tariff of up to 25 percent on U.S. agriculture could be good news for Australia's nut, wine and fruit producers. Almost 40 percent of Australia's fruit exports last year went to greater China, and Chile also is a major fruit producer that could benefit. Australia's wine exports to mainland China rose 63 percent last year, while U.S. wine exports to the world's second-largest economy were down. Beijing also imposed new tariffs on American pork, a move that could benefit the European Union, Brazil and Canada — major exporters to China

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