Industry ferment: US wine industry crushed over tariffs – BBC News
Natalie Sherman, a business reporter for BBC based in New York, recently published an article on how ‘the US and China have exchanged threats to impose tariffs on billions of dollars worth of products, including American wine’, quoting Wine Intelligence Research Director Chuan Zhou.
“Wine consumption in China has increased almost five-fold since 2000, with imports surging from 1% to about a third of the market, says Chuan Zhou, a research director at UK-based Wine Intelligence.
“Interest in wine is also helping to drive tourism, making China the biggest source of foreign visitors to Napa Valley in 2016.
“China is the Napa Valley Wine Train’s third largest international market; at the Beringer and Sterling vineyards in California, 20% of tours purchased are in Mandarin.”