China tariff slug hits Treasury wine profits, forces grape intake cuts

Andrew Marshall
Updated February 23 2021 - 7:48am, first published 5:00am
TWE cuts Aussie winegrape intake and US brands as China slug hits profits
TWE cuts Aussie winegrape intake and US brands as China slug hits profits

TREASURY Wine Estates will push ahead with a multi-million dollar asset sell-off focused on lower priority brands and vineyards in the US after taking a big sales hit in China because of Beijing's great tariff wall.

Andrew Marshall

Andrew Marshall

National agribusiness writer

Andrew Marshall is the group agribusiness writer for ACM's state agricultural weeklies and websites. He is a former editor at The Land and has worked in various Rural Press group roles in Canberra, North Richmond (NSW) and Toowoomba (Qld).

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