Penfolds girds itself for China tariff damage
Treasury Wine Estates, the manufacturer of the iconic Penfolds Grange Hermitage, has announced a raft of changes in response to China’s imposition of harsh tariffs on Australian wine exports to China. The Penfolds, Grant Burge and Lindemans wines amongst a host of others admitted that the tariff, between 107 per cent and 212 per cent…