Sydney (AFP) Feb 16, 2022

Australia’s leading wine producer says sales to China have evaporated since Beijing imposed strict tariffs on Australian wine imports but buoyant demand elsewhere helped avert disaster.

Treasury Wine Estates, the makers of Penfolds, on Tuesday posted a 7.5 percent year-on-year decline in net profit in the six months to December 31, citing China’s tariffs on Australian wine and the impact of
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