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.

14 points

Wow, Russia pulling out the big guns here, going after Big Slide.

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2 points

If this escalates to tarrifs on the hinge industry, the political tensions could boil over into open war

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33 points

Critics note similar European imports face lower duties.

Why the fuck are we still exporting to Russia?

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4 points

Munny

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0 points

The existing trade embargo says otherwise.

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0 points

profit?

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0 points

I don’t think so, it’s just that EU tries to strategically hit Russia where it hurts the most. But IMO that’s not good enough. We need a total trade embargo against Russia.

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9 points

I read it as “European imports from China face lower duties”.

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1 point

The more they relly on the UE, the faster their coffers will deplete.

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15 points

No, if Russia can’t buy what they need, they have to make it themselves, that requires investments, and with steep interest rates, and worker shortage, they are not in a position to increase their productivity.

There is zero doubt IMO that we should boycott Russia completely, anything less is helping Russia fight the war against Ukraine.

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0 points

I think both strategies may work.

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2 points

Price of da brick going up

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16 points

This is honestly a tiny tariff that has no real impact on trade between russia and China.

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38 points

I agree with your logic and analysis.

However the non-tangibles here are pretty staggering - Russia is hugely dependent on China and India for exports (basically oil and gas) to raise cash and foreign currency. It also needs high tech goods from China - China provides drones, cars, bikes, clothes and more to support the invasion. And critically a lot of electronics, including those under sanctions being smuggled from the West.

Placing tariffs on China sends a strong negative message to China - it’s a real slap in the face that will invite a pretty nasty punch back again.

What on earth motivated this?

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14 points

This does seem very strange. I don’t understand why they would even bother with such a specific, minor tariff.

Perhaps some senior goon (i.e. pretty close to putin, not just a regular oligarch or a regional fief) has money in the furniture business? Still I would imagine it would be easier to implement some sort of local subsidy or corruption scheme as opposed to a tariff against China. It just doesn’t seem worth it.

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5 points

The article notes that Russia has no furniture slide manufacturing. That’s what makes this tariff so baffling. Genuinely not sure why they would do this, there’s no upside.

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36 points

The tariff comes amid U.S. sanctions and China’s critical role in supporting Russia’s economy during the Ukraine war.

If Russia loses China over this, who else will they have? North Korea?

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34 points

India

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4 points

Oh yeah, true. Have then been delivering weapons to them though?

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8 points

They’ve been delivering bucket loads of cash for oil and there was a recent deal for $4 billion USD for radar kit.

https://www.indiatoday.in/india/story/india-russia-all-set-for-usd-4-billion-deal-for-advanced-radar-system-2646849-2024-12-09

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6 points

Not even… N Korea has been a puppet of China for a while. China will cut Russia off from them too.

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4 points

North Korea uses Russia and China to balance each other out so to prevent becoming entirely the puppet of either.

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