The main supplier of wines from China is France. It is followed by Australia and, finally, Chile. In this context, the possible impact of the measures that China and the US are taking on wines could be short-term, in favor of national exports. One of the American products on which the Chinese government applied a surcharge of 15% was the wines, which come mainly from California.
Learn more about chilean wines in www.cortahojas.com
However, this will depend on the quality of the wine. In more expensive wines it is difficult to affect significantly, since their demand is more inelastic. A greater effect could be for cheaper wines. But it is expected that the US could increase the availability of its products in other markets of destination, such as its own domestic market -second major destination for Chilean wines after China-, Canada, Europe or Brazil.
Although these measures do not like exporters, especially if it is a dispute between the first and second destination for domestic wines. Ideally, products compete freely under their own conditions.
Any tariff dispute is negative for the world and also for Chile. Of course, if a player among the top 5 in the Chinese market is affected that share will tend to be distributed among the other producing countries, within which is Chile. It is an opportunity for Chile in the Chinese market, although it is not ideal. In spite of that, if it occurs, without a doubt that Chile would be a beneficiary country, along with Australia and, probably, France.
Probably, what they can not export to China will be redirected to destinations such as England, Canada or the domestic market. Regarding greater competition in destinations other than China, if they leave aside a market in which Chile can enter more easily, it is an advantage for Chile in that specific market. But that additional production put in the US or Canadian market undoubtedly competes against Chilean wines.