China-US trade faces new threats in 2022, with no new deal in sight

Source: China – South China Morning PostPage Mill Winery sold 12,000 bottles of its zinfandel-cabernet-petite shirah blend of wines to China every year from 2015-18. Back then, Chinese consumers paid just US$30 to US$40 per bottle.But when the US-China trade war broke out in 2018, China slapped tariffs on American wines, and this pushed prices up by US$10 per bottle, according to winery owner Dane Stark.He quit selling to China because of the tax, eliminating about one-sixth of the suburban San Francisco winery’s annual business…Read More

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