US EditionWhat impact could wine tariffs have on Charleston’s food and beverage scene?
- Treasury's American division contributes about 36 percent of the group's earnings and sells 85 percent of its wine produced in the US under luxury labels like DAOU and Frank Family Vineyards.
- Australia's wine exports to America are valued at $325 million, compared to $907 million from Mainland China, according to Wine Australia.
- Treasury believes the new 10 percent tariffs on Australian wine will not significantly affect its business, according to an ASX statement.
- Australia's wine market is in a stronger position than Europe's, which faces higher tariffs, as stated by Eamon Gallagher.
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