Posted by Brendon-KS on June 24, 2018 at 04:52:44 from (63.245.145.35):
In Reply to: TRADE WARS posted by Al Baker(pumpman) on June 23, 2018 at 10:15:27:
Another huge factor in all of this is the effect of modern containerized shipping to the global economy. Before this the cost of shipping products long distances essentially created a tariff automatically due to the high transportation cost. It was better for a manufacturer to buy from local suppliers because even though less expensive sources were out there it cost too much to get their product to his dock. However, in the last few decades the near universal implementation of containerized shipping has for the most part eliminated this cost disparity, especially for the transporation of smaller items. The per-piece freight cost difference for a manufacturer in the USA to get a truckload of parts from halfway across the country compared to a truckload of parts from the other side of the planet is very small. This of course has lead to an increase in sourcing parts from regions where the production costs are lower, even if it is on a different continent.
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Today's Featured Article - A Belt Pulley? Really Doing Something? - by Chris Pratt. Belt Pulleys! Most of us conjure up a picture of a massive thresher with a wide belt lazily arching to a tractor 35 feet away throwing a cloud of dust, straw and grain, and while nostalgic, not too practical a method of using our tractors. While this may have been the bread and butter of the belt work in the past (since this is what made the money on many farms), the smaller tasks may have been and still can be its real claim to fame. The thresher would bring in the harvest (and income) once a y
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