India’s voracious demand for affordable steel is sending shockwaves through global markets, driving environmental harm and sparking critical labor concerns. As prices soar worldwide, the country faces mounting economic challenges alongside pressing ecological crises
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.
