China is threatening to impose punitive tariffs on European wine exports in a tit-for-tat retaliation for tariffs on solar panels.
Peter Thal Larsen (Reuters - Breaking Views) tweeted that some Europeans would like that.
I would love it.
The Australian wine industry would recover - and get a stronger entry to China than ever before.
And the reduced demand for good French plonk would lower its price - making it cheaper to develop a very refined palate.
Trade wars: bring 'em on.
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