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Trump's trade war with China hurting U.S. wine industry's bid to increase sales there

May 15, 2019

The latest action will tack on another 15% to the price of American wine sold in China, effective June 1 - the third spike within 14 months. Since Trump took office in January 2017, the tariff rate on U.S. wine exported to China will have climbed from 14% to 54% as the government of President Xi retaliates on American tariffs that have been placed on Chinese steel, aluminum and many consumer goods.