The EU shoots themselves in the foot with their regulation. Take a look at the EU response to the US Inflation Reduction Act. The EU enacted similar legislation

The EU shoots themselves in the foot with their regulation. Take a look at the EU response to the US Inflation Reduction Act. The EU enacted similar legislation by regulating green technologies in to existence. The IRA instead incentivized green technologies in to existence. EU green tech companies and investments were going to leave the EU. This caused EU heads of state to lobby the US president directly to change the legislation.[1] You would think they would have changed their own legislation to make it competitive, but instead the EU wanted to change ours. [1] https://www.politico.eu/article/emmanuel-macron-joe-biden-us-france-lands-unexpected-concession-on-inflation-reduction-act/ https://www.politico.eu/article/emmanuel-macron-joe-biden-us...