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 doesn’t know its a vassal state to China yet? Its about to find out.
This is oddly specific, both the value and the items…
It almost sounds like a message from one of those cold war counting stations. “…55-65-% sign-tarif increase-chinese furniture-sliding rail…”