Original article by Eli Greenblat
The Australian – Page: 15 : 24-Oct-23

China was Treasury Wine Estate’s biggest source of profit growth prior to the imposition of punitive tariffs on Australian imports in 2020. Treasury Wine Estates has advised that it is well-placed to rebuild this business if the Chinese government winds back its trade sanctions following its proposed review of the tariff on Australian wines. Treasury has indicated that it will allocate more of its flagship Penfolds brand to the Chinese market if the tariffs are removed, given that the brand had been highly popular with Chinese consumers.

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TREASURY WINE ESTATES LIMITED – ASX TWE