Russia Slaps 55% Tariff on Chinese Furniture Parts, Straining “Unlimited” Friendship
Russia recently imposed a 55.65 percent tariff on Chinese furniture parts imported through Vladivostok, impacting approximately 90 percent of such imports. This reclassification, causing a significant price increase for Russian furniture, has prompted concerns about bankruptcies among importers and angered Russian furniture producers reliant on these Chinese parts. The move is particularly perplexing given the strong Russia-China trade relationship and the fact that similar European imports face significantly lower tariffs. The tariff increase has sparked criticism in China, highlighting the unexpected economic friction despite increased bilateral trade.
John Q. Hosedrinker