- cross-posted to:
- world@quokk.au
- cross-posted to:
- world@quokk.au
Summary
Russia has imposed a 55.65% tariff on Chinese furniture sliding rail parts, previously exempt from duties, angering both Russian manufacturers and Chinese commentators.
Industry leaders warn the tariff could bankrupt importers, raise domestic furniture prices by 15%, and harm Russia’s furniture industry, which relies heavily on Chinese imports.
Critics note similar European imports face lower duties.
The move has sparked feelings of betrayal in China, despite booming bilateral trade reaching $240 billion in 2023.
The tariff comes amid U.S. sanctions and China’s critical role in supporting Russia’s economy during the Ukraine war.
In that sense it’s a good thing, but strategically this seems like a very strange decision for Russia. They don’t have many allies left in the world, what they gain for their local businesses might not be worth angering their most powerful ally.