China threatens retaliatory tariffs on EU wines

In a potential trade retaliation, China could target EU wine imports, affecting an $800 million market in response to EU anti-subsidy probes. This follows China's pattern of using trade measures in disputes, reminiscent of the 2014 EU wine probe and high tariffs on Australian wines

By Spiritz Desk
New Update
China threatens retaliatory tariffs on EU wines

China threatens retaliatory tariffs on EU wines

China may target the European Union wine industry exports in response to the ongoing EU’s anti-subsidy investigations into Chinese companies, according to an update by a Chinese state-affiliated social media account.

China’s move to hit European wines would jeopardise the US$800 million wine trade between the EU and China. France, Germany, Italy, Spain, and Portugal are the key EU wine exporters to China.

Earlier this year, China launched an anti-subsidy investigation into EU’s brandy, which can adversely impact a US$1.56 billion spirits trade. This follows a similar pattern to 2014 when China threatened to probe EU wines during a dispute over solar panels.

In 2021, China imposed significant tariffs on Australian wines, with tariffs reaching up to 218 percent, which were lifted in March of this year.