Latest China Tariff Increase on U.S. Wine

The Chinese government announced that it would be increasing the tariff on U.S. wines in response to the ongoing trade dispute between the U.S. and China. Effective June 1, China will add another 15% tariff on U.S. wine imports to their country. The additional 15% tariff is on top of a previous 15% tariff increase implemented in April 2018 and another 10% increase in September 2018. When compounded, the new total tax and tariff rate will be 98%. Read the full Wine Institute statement on this issue.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s