China slaps 200% tax on Australian wine2Photo© hindustantimes.com

China slaps 200% tax on Australian wine

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China on Friday added wine to the growing list of Australian goods barred from its markets in a trade war against Australia over disputes including its support for a probe into the origin of the coronavirus.

The Ministry of Commerce imposed import taxes of up to 212.1%, effective on Saturday, which Australia’s Trade Minister said make Australian wine unsellable in China, his country’s biggest export market.

China increasingly is using its populous market as leverage to extract political concessions and increase its strategic influence.