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China trade body urges 'retrospective tariffs' on Australian wine
A Chinese drinks group has called for retrospective tariffs on Australian wine imports, Australian winemaker Treasury Wine Estates said on Wednesday (Nov 4), amid escalating trade and diplomatic tensions between Beijing and Canberra. Treasury, the world's largest listed winemaker, said in a filing it had been notified that the China Alcoholic Drinks Association (CADA) wrote to China's Ministry of Commerce (MOFCOM) requesting tariffs on Australian wine as part of a previously announced anti-dumping probe.The request reflects a deepening trade stand-off between the countries which began a free trade agreement in 2015 ... (full story)