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.
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.
I think both strategies may work.