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.
Russia has imposed a 55.65% tariff on Chinese furniture sliding rail parts, previously exempt from duties, angering both Russian manufacturers and Chinese commentators.
Russia doesn’t know its a vassal state to China yet? Its about to find out.
55.65% tariff on Chinese furniture sliding rail parts
This is oddly specific, both the value and the items…
Ok, unpopular take here:
Based Russia, we should all be doing this - and extend it to all the junk we import from China that we have to replace every year instead of only buying once, flooding them with money and sending local production out of business.
Just because Russia is a terrorist state that doesn’t deserve their sovereignty and should receive the 1945 axis treatment, it doesn’t mean that they can’t do one right thing once in a blue moon. This is it.
Just because Russia is a terrorist state that doesn’t deserve their sovereignty and should receive the 1945 axis treatment,
It means exactly that. Russia should be at least disarmed if not partitioned into multiple states it took over time.
Protectionism only really makes sense if you’re a country without native industrial capacities and trying to industrialise. Even that is debatable.
Russia used to be a major world power with highly developed heavy industry and okay-ish light industry. A lot of that has been poorly maintained since the fall of the USSR but the factories are still there. Protectionism makes little sense here.
Oh wow, and so it begins.
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?
Not even… N Korea has been a puppet of China for a while. China will cut Russia off from them too.
North Korea uses Russia and China to balance each other out so to prevent becoming entirely the puppet of either.
They’ve been delivering bucket loads of cash for oil and there was a recent deal for $4 billion USD for radar kit.
