More Expensive US Wines to Chinese Consumers
The US-Sino trade war sparkled and caused the U.S. wine imposed an extra 15% custom duty (on top of the original 14% for bottled wine & 20% for 2-liter up packaged wine and bulk wine), which made the aggregate tax rate to 67.7% (from 48.2%) and 75.5% (from 56%) respectively, inclusive of the 10% consumption tax and 17% value-added tax. The new tariff was effective April 2, 2018. This made the U.S. wine has an average 13% increase on cost to the Chinese importers and distribu