Week Ahead | Treasury Wines Turmoil Global markets were mostly in the green on Friday (S&P 500 Index +0.2%) with trading activity predictably subdued the day after Thanksgiving Day holiday in the US. The Nasdaq closed at a record high in a holiday-shortened week as retailers kicked off the year-end shopping season – with the clear trend being a shift towards online. In other news, Britain is set to become the first Western country to approve a COVID-19 vaccine, with the independent regulator expected to grant approval within days for the vaccine developed by BioNTech and Pfizer.   Treasury Wine Estates (TWE:ASX) Treasury Wine Estates plummeted -11% on Friday after Beijing said it would impose tariffs of 107–212% on Australian wine imports after alleging dumping into the Chinese market. The move is not a huge surprise after China launched an investigation in mid-August.  The new tariffs on Australian wine are the la...