China Sets Duties on Australia Wine for 5 Years as Ties Sour (2)

China will impose tariffs of more than 200% on Australian wine for five years, formalizing curbs that have been in place for months amid an increasingly fraught relationship with Canberra.

Imports of Australian wine products will incur anti-dumping levies of between 116.2% and 218.4% with effect from March 28, the Chinese commerce ministry said in a final ruling Friday. Duties on Treasury Wine Estates, Australia’s largest listed winemaker best known for its Penfolds brand, are set at 175.6%.

The top commodities buyer introduced the interim tariffs in November after it launched investigations into Australian wine, claiming that the product ...