Australian winemaker Treasury Wine has for years benefited from quenching the thirst of the nouveau riche in China. The souring relationship between Australia and China has now left it with a nasty hangover.
China imposed anti-dumping tariffs on Australian wines last week after an investigation by Beijing, whose findings were rejected by the Australian government. There is a political background: Relations between the two countries have been on ice since April, when Australia campaigned for a global investigation into the…
