U.S. vineyards are struggling to sell Syrah in Shanghai and Chardonnay in Shenzhen because of the trade war between China and the USA.
China is one of the world’s fastest-growing wine markets.
The 16-month dispute is not connected with wine as such; the USA administration accuses China of stealing U.S. technology and has imposed import tariffs on more than $360 billion worth of Chinese imports. When China retaliated with import tariffs on US goods, they targeted American wine.
Since June, China has imposed 93% tariffs and taxes on American wine, an increase of 48% .
