A general view of an Australian flag is seen during a welcoming ceremony for then Australian Prime Minister Julia Gillard in front of the Great Hall of the People on April 9, 2013 in Beijing, China.
Feng Li | Getty Images
China will impose temporary anti-dumping measures on wine imported from Australia from November 28, the Commerce Department said on Friday, to further exacerbate trade and diplomatic tensions between Beijing and Canberra.
Importers who import inspected products are required to pay deposits to the Chinese customs authorities, which are calculated based on different rates that the authority has assigned to different companies.
The rate required for Treasury Wine was 169.3%, making it the highest among all wine companies named in the declaration. Shares in Australia’s Treasury Wine Estates, the world’s largest publicly traded winemaker, fell more than 13% before being bumped into trading until the announcement.
The Chinese Ministry of Commerce did not specify how long the measures would take. It said it examined samples from a few Australian companies, including those from Treasury Wines, Casella Wines, and Australia Swan Vintage.
A spokesman for Australian Trade Minister Simon Birmingham did not immediately respond to a request for comment.
China launched an anti-dumping investigation into Australian wine imports in August at the request of the Chinese Alcoholic Drinks Association. Earlier this month the association called for retroactive tariffs on Australian wine imports.
Beijing’s latest move comes amid mounting tensions between countries after Canberra called for an international investigation into the origins of the novel coronavirus.
China is the top market for Australian wine exports and also Australia’s largest trading partner, with two-way trading worth AUD 235 billion (USD 170 billion) last year.