Large European companies migrate to U.S. because of generous subsidies with eco-production

The EU firms are relocating their businesses to the U.S. en masse. We are talking about strategically important producers of chemicals, steel and fertilizers.

As Le Figaro's columnists explain, among others, the reason was the American law to reduce inflation: if a company uses environmentally friendly technologies and operates in the U.S., it receives generous government subsidies. In addition, energy prices are much lower in the U.S., so it is much more profitable to do business there. As a result, European industry is losing competitiveness in favor of the United States.