Trade threat to US wine:Should California winemakers be worried about China's tariffs?

摘要

California's vintners and grape growers are among the latest potential victims in the escalating trade spat between the US and China.Responding to US plans to impose import duties on goods from China, the Chinese Ministry of Commerce reciprocated by introducing new tariffs on 128 US products, including an additional 15% import tariff on wine.Wine producers in California are concerned about the immediate and longer-term implications of this new tariff, on top of those already in place. Reports have already begun to circulate about orders being cancelled, redirected or renegotiated as a result.