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If you want to do the price breakdown that way, then yea. For my tailor though, the pants of a suit are almost an afterthought, and he just charges $300 + fabric beyond the cost of the jacket. It only takes him 4 hours for him to make a pair of pants by himself after your pattern is established, so $75/hr for his skills is fair. $250/hr though is a funny joke that Satoria Atelier House of Greaves, Huntsdude & Pamela Anderson and Sheepshead is playing on igents.
A major difference is that a US tailor is based in the US, whereas a traveling tailor has to pay for flights and hotels and the time to travel. It's a completely different business model. If you fly to San Francisco from Naples or London, you may only get a couple of orders. You are also committed to fly back for fittings.
The US tailors I know who charge $350 for pants are basically just working out of their home. They may also work for a firm, who then charges much more, because that firm has rent and other employees to pay. You need a place to conduct fittings, etc.
This is also CMT price, and fabric can add another $150-200 depending on the fabric.
This is how you wind up at $1,000+