European industry mobilizes against the United States

by time news
Joe Biden during a visit to the Plymouth Area Renewable Energy Initiative in New Hampshire on June 4, 2019. BRIAN SNYDER/REUTERS

Berlin rallies to the idea of ​​freeing up common funds to respond to the “aggressive” American policy.

On Wednesday, January 11, on his Twitter account, President Joe Bidenen no one welcomed the investment of 2.5 billion dollars – 2,500 jobs at stake – in the state of Georgia by Korean solar panel manufacturer Hanwha QCells. “The world invests in America”, welcomed “Potus”, imputing “the biggest investment in solar production in our history” at “our economic planA concrete result of the famous Inflation Reduction Act (IRA), passed in August 2022, which provides 369 billion dollars in subsidies to green industry.

A nightmare for Europeans. The manufacturers of solar panels or manufacturers of electric vehicles of the Old Continent are all doing their calculations in view of the massive subsidies proposed across the Atlantic. A judged policy “very aggressive” by Belgian Prime Minister Alexander De Croo. “The United States, our partner, calls our industrialists and tells them: Why are you investing in Europe? You…

This article is for subscribers only. You have 81% left to discover.

Cultivating your freedom is cultivating your curiosity.

Keep reading your article for €0.99 for the first month

Already subscribed? Login

You may also like

Leave a Comment