California wine exports hit tariff bumps

California wine is again taking a hit from China's tariffs, putting the product at a price disadvantage in the fastest-growing wine market.

China imposed another 10 percent tariff on US wine on Monday in response to the Trump administration's tariff against $200 billion worth of Chinese goods, which was implemented the same day.

The additional 10 percent tariff on US wine is on top of a previous 15 percent tariff increase implemented on April 2. The two rounds of tariffs increase the total tariff and tax rate on US wine exported to China to 79 percent.