Russia hits China with trade tariffs
www.newsweek.com
The reclassification of one category of products will make life difficult for Russia's furniture industry.

Russia has imposed a new tariff on a category of imports from China, an ally that has been a crucial lifeline for Moscow since President Vladimir Putin’s 2022 invasion of Ukraine.

  • ramble81@lemm.ee
    171·
    1 day ago

    I really wish journalists would get that phrase right. It’s not “Russia hits China with Tariffs” it’s “Russian hits its own citizens with a 55% tax on some Chinese goods”

  • riverSpirit@thelemmy.clubEnglish
    231·
    1 day ago

    Ah, nothing says ‘no-limits partnership’ like slapping your BFF with a 55% tariff. Truly the hallmark of a bromance built to last—until everyone’s squatting on the floor.

  • schizo@forum.uncomfortable.businessEnglish
    8·
    1 day ago

    I don’t know what I was expecting… but furniture fittings?

    They decided right now was a perfect time to add a tariff on furniture fittings?

    I’m laughing but like, uh, okay I guess then?

    • catloaf@lemm.eeEnglish
      5·
      1 day ago

      Specifically, sliding rail assemblies. And it’s not even a new tariff, they’re just ending a previous reduction so that it’s back in line with other products in that category. This really doesn’t need to be as big a deal as it’s being made out to be.

      The funny thing is, apparently Russia doesn’t produce them domestically, and the special low rate still applies to European sources, so now they’re going to import them from Europe, apparently.