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submitted 1 week ago by MicroWave@lemm.ee to c/world@lemmy.world

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.

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[-] atro_city@fedia.io 4 points 1 week ago

Oh yeah, true. Have then been delivering weapons to them though?

[-] khannie@lemmy.world 6 points 1 week ago

They've been delivering bucket loads of cash for oil and there was a recent deal for $4 billion USD for radar kit.

https://www.indiatoday.in/india/story/india-russia-all-set-for-usd-4-billion-deal-for-advanced-radar-system-2646849-2024-12-09

[-] MonkeMischief@lemmy.today 2 points 1 week ago

Would be such a shame if that happened to get bonked right before/after they plug it in. 😏

this post was submitted on 10 Dec 2024
193 points (98.5% liked)

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