综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Industries

US wine industry fears long-term damage of China's tariff on imported US wines

Xinhua | Updated: 2018-04-03 09:51
Share
Share - WeChat

SAN FRANCISCO - The US wine industry has expressed concerns over the long-term damage of China's 15 percent tariff on imported wines from the United States.

China started imposing 15 percent additional tariffs on a total of 128 US products, including wine, on the weekend in a retaliatory action against Trump administration's planned tariff on China's steel and aluminum.

"This new increased tariff will have a chilling effect on US wine exports to one of the world's most important markets," said Robert Koch, president and CEO of Wine Institute, on Monday.

This additional tariff will increase the total tariff and tax paid on a bottle of US wine imported into China by a large margin, according to the estimate of the Wine Institute, an advocacy and research group representing more than 1,000 wineries in California.

Currently, Chile, Georgia and New Zealand wines enter China tariff-free and Australian wines will be tariff free starting in 2019, it said.

"The US producers were already at a disadvantage to many foreign competitors, and this will only exacerbate that problem," said Koch. "We urge a swift resolution to this crisis before long-term damage is done to the US wine industry."

China is one of the fastest growing wine markets in the world and will soon be second only to the US in value, according to the Wine Institute. US wine exports to greater China (including the Chinese mainland and Hong Kong) were up 10 percent last year to $197 million.

The value of US wine exports (97 percent from California) to China has increased 450 percent in the past decade.

The United States ranks as China's sixth biggest wine importer following France, Australia, Chile, Spain and Italy, accounting for around 3 percent of the country's bottled wine imports market, according to figures released by the Chinese customs.

China's tariff increases will impact approximately $2 billion in US food and agricultural exports to China. The majority of the products targeted are food and agricultural products, totaling 105 out of the 128 items.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
扶沟县| 重庆市| 东海县| 沅江市| 青铜峡市| 姜堰市| 汉川市| 通许县| 吉林省| 常州市| 元江| 安乡县| 永和县| 越西县| 达拉特旗| 成都市| 综艺| 池州市| 洛扎县| 永年县| 德清县| 增城市| 彭山县| 开原市| 宁海县| 安远县| 桐柏县| 徐闻县| 麦盖提县| 隆尧县| 左云县| 清水河县| 萝北县| 青田县| 漳浦县| 奈曼旗| 巴南区| 安达市| 武鸣县| 青田县| 桑植县|