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.

  • Wahots@pawb.social
    link
    fedilink
    English
    arrow-up
    5
    ·
    16 days ago

    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.