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Wine barrels at a winery in the Yarra Valley, Victoria.

Australian wine companies and lawmakers said China proposed lifting punitive tariffs on the nation’s wine, signaling the end is near to a three-year trade dispute as both countries seek to strengthen ties. Treasury Wine Estates referenced China’s plan in an exchange filing yesterday, adding that the final decision will be made in the “coming weeks.”

An ugly dispute has broken out between Tesla and Australia’s Federal Chamber of Automotive Industries, or FCAI, over local vehicle-emissions laws. It’s a brawl that encapsulates the challenge of decarbonizing a market that remains stubbornly in love with gas-guzzling pickups.