- cross-posted to:
- world@quokk.au
- worldnews@lemmit.online
- cross-posted to:
- world@quokk.au
- worldnews@lemmit.online
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.
Wow, Russia pulling out the big guns here, going after Big Slide.
If this escalates to tarrifs on the hinge industry, the political tensions could boil over into open war