Retailers who embraced Made in the USA products quickly found that higher prices posed a challenge for their customers, Reuters reports. Although the shift aimed to boost local manufacturing, it faced an uphill battle winning over shoppers watching their wallets
A recent analysis by CNBC reveals that producing a “Made in the USA” iPhone could raise its price significantly. Estimates suggest costs could jump by over $200 per device, reflecting higher labor and manufacturing expenses domestically.
Tesla is reportedly planning a more cost-effective version of the Model Y, aiming to reduce production costs by at least 20%. This strategic move seeks to strengthen its market share in China amid increasing competition.
