Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
Mexico Moves to Increase Tariffs on Asian Imports to Protect Domestic Industries 
SpaceX Insider Share Sale Values Company Near $800 Billion Amid IPO Speculation 
Coca-Cola’s Costa Coffee Sale Faces Uncertainty as Talks With TDR Capital Hit Snag 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
Coca-Cola’s Proposed Sale of Costa Coffee Faces Uncertainty Amid Price Dispute 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
United Airlines Tokyo-Bound Flight Returns to Dulles After Engine Failure 
Mizuho Raises Broadcom Price Target to $450 on Surging AI Chip Demand 
United Airlines Flight to Tokyo Returns to Dulles After Engine Failure During Takeoff 
California Jury Awards $40 Million in Johnson & Johnson Talc Cancer Lawsuit 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
Australian winemakers are now looking to the US, the UK, and India as alternative markets after China added an anti-dumping tariff of up to 212 percent on Australian wine.
Consequently, Australia's wine exports to China plummet by 95 percent, according to initial estimates by industry body Australian Grape and Wine.
The Australian winemakers are hopeful that a bilateral trade deal with India could help open the floodgates to a booming population. They are also looking at the wine markets in Russia, Uzbekistan, Kazakhstan, Japan, South Korea, Taiwan, Indonesia, and the Philippines.
China has been the top importer of Australian wine since 2016 and accounted for 36 percent of wine export revenue in Australia.
Before that, the US was the top export market for Australian wine.
Since the kinds that sell better in the US are the cheaper bulk ones rather than boutique or premium, Australia's winemakers need to do more marketing to send the message out about the quality of Australian wine, according to Mitchell Taylor, the managing director of Taylors Wines.
Lee McLean of industry group Australian Grape and Wine noted Chinese consumers love Australian wine and are willing to pay top dollar for it.
He added that it is harder to sell Australian wine in the US because of the competition by wines from California and every other wine-producing nation.
According to Wine Australia, the value of wine exported to China in 2019 was around $1.2 billion, while those to the US were $432 million.
Each year Australia sends more than 130 million bottles of wine to China.
Meanwhile, the UK's withdrawal from the EU has opened the door for Australia to ink new trade agreements with the UK and EU.
Alister Purbrick from Tahbilk Winery and Vineyard in Victoria said an Australia-UK trade deal that reduced or eliminated duties would give Australians a price advantage in the UK.
In the year ending June 2020, Australia exported wines worth $383 million in exports to the UK.
