how about 20% that estimate! Costs more to ship a container across the US, then it does to get it from China. I'm sure this is from port city, to port city. Oceanic shipping is done by volume, not weight.
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I bet the steel tariffs may be a big factor. The advanced methods, along with better control of quality by keeping manufacturing in house, is another big factor. I read that most manufacturing in China, you have to share plans, methods, and technology with the Chinese government. Thats just part of the cost of doing business with a communist government.