Russia has imposed a 55.65% tariff on Chinese furniture sliding rail parts, previously exempt from duties, angering both Russian manufacturers and Chinese commentators.
Russia doesn't know its a vassal state to China yet? Its about to find out.
this post was submitted on 10 Dec 2024
207 points (98.6% liked)
World News
39333 readers
3161 users here now
A community for discussing events around the World
Rules:
-
Rule 1: posts have the following requirements:
- Post news articles only
- Video links are NOT articles and will be removed.
- Title must match the article headline
- Not United States Internal News
- Recent (Past 30 Days)
- Screenshots/links to other social media sites (Twitter/X/Facebook/Youtube/reddit, etc.) are explicitly forbidden, as are link shorteners.
-
Rule 2: Do not copy the entire article into your post. The key points in 1-2 paragraphs is allowed (even encouraged!), but large segments of articles posted in the body will result in the post being removed. If you have to stop and think "Is this fair use?", it probably isn't. Archive links, especially the ones created on link submission, are absolutely allowed but those that avoid paywalls are not.
-
Rule 3: Opinions articles, or Articles based on misinformation/propaganda may be removed. Sources that have a Low or Very Low factual reporting rating or MBFC Credibility Rating may be removed.
-
Rule 4: Posts or comments that are homophobic, transphobic, racist, sexist, anti-religious, or ableist will be removed. “Ironic” prejudice is just prejudiced.
-
Posts and comments must abide by the lemmy.world terms of service UPDATED AS OF 10/19
-
Rule 5: Keep it civil. It's OK to say the subject of an article is behaving like a (pejorative, pejorative). It's NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
-
Rule 6: Memes, spam, other low effort posting, reposts, misinformation, advocating violence, off-topic, trolling, offensive, regarding the moderators or meta in content may be removed at any time.
-
Rule 7: We didn't USED to need a rule about how many posts one could make in a day, then someone posted NINETEEN articles in a single day. Not comments, FULL ARTICLES. If you're posting more than say, 10 or so, consider going outside and touching grass. We reserve the right to limit over-posting so a single user does not dominate the front page.
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
Lemmy World Partners
News !news@lemmy.world
Politics !politics@lemmy.world
World Politics !globalpolitics@lemmy.world
Recommendations
For Firefox users, there is media bias / propaganda / fact check plugin.
https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/
- Consider including the article’s mediabiasfactcheck.com/ link
founded 2 years ago
MODERATORS
55.65% tariff on Chinese furniture sliding rail parts
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..."
The tariff comes amid U.S. sanctions and China’s critical role in supporting Russia’s economy during the Ukraine war.
If Russia loses China over this, who else will they have? North Korea?
India
Oh yeah, true. Have then been delivering weapons to them though?
They've been delivering bucket loads of cash for oil and there was a recent deal for $4 billion USD for radar kit.
Would be such a shame if that happened to get bonked right before/after they plug it in. 😏
Not even.... N Korea has been a puppet of China for a while. China will cut Russia off from them too.
North Korea uses Russia and China to balance each other out so to prevent becoming entirely the puppet of either.
Lol, k.
I do believe this is true to some degree.
NK may be more fundamentally more aligned with China, but I do think NK at least tries to play them against each.
Critics note similar European imports face lower duties.
Why the fuck are we still exporting to Russia?
I read it as "European imports from China face lower duties".
Munny
The existing trade embargo says otherwise.
The more they relly on the UE, the faster their coffers will deplete.
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.
profit?
I don't think so, it's just that EU tries to strategically hit Russia where it hurts the most. But IMO that's not good enough. We need a total trade embargo against Russia.
This is honestly a tiny tariff that has no real impact on trade between russia and China.
I agree with your logic and analysis.
However the non-tangibles here are pretty staggering - Russia is hugely dependent on China and India for exports (basically oil and gas) to raise cash and foreign currency. It also needs high tech goods from China - China provides drones, cars, bikes, clothes and more to support the invasion. And critically a lot of electronics, including those under sanctions being smuggled from the West.
Placing tariffs on China sends a strong negative message to China - it's a real slap in the face that will invite a pretty nasty punch back again.
What on earth motivated this?
This does seem very strange. I don't understand why they would even bother with such a specific, minor tariff.
Perhaps some senior goon (i.e. pretty close to putin, not just a regular oligarch or a regional fief) has money in the furniture business? Still I would imagine it would be easier to implement some sort of local subsidy or corruption scheme as opposed to a tariff against China. It just doesn't seem worth it.
The article notes that Russia has no furniture slide manufacturing. That's what makes this tariff so baffling. Genuinely not sure why they would do this, there's no upside.
Wow, Russia pulling out the big guns here, going after Big Slide.
If this escalates to tarrifs on the hinge industry, the political tensions could boil over into open war
Ok, unpopular take here:
Based Russia, we should all be doing this - and extend it to all the junk we import from China that we have to replace every year instead of only buying once, flooding them with money and sending local production out of business.
Just because Russia is a terrorist state that doesn’t deserve their sovereignty and should receive the 1945 axis treatment, it doesn’t mean that they can’t do one right thing once in a blue moon. This is it.
In that sense it's a good thing, but strategically this seems like a very strange decision for Russia. They don't have many allies left in the world, what they gain for their local businesses might not be worth angering their most powerful ally.
Just because Russia is a terrorist state that doesn’t deserve their sovereignty and should receive the 1945 axis treatment,
It means exactly that. Russia should be at least disarmed if not partitioned into multiple states it took over time.
Did you misread my sentence?
Actually, I did.
Protectionism only really makes sense if you're a country without native industrial capacities and trying to industrialise. Even that is debatable.
Russia used to be a major world power with highly developed heavy industry and okay-ish light industry. A lot of that has been poorly maintained since the fall of the USSR but the factories are still there. Protectionism makes little sense here.
A lot of that has been poorly maintained since the fall of the USSR but the factories are still there.
those factories wre almost all in ukraine.
Oh wow, and so it begins.
Price of da brick going up