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> The media often reports that about 30% of heavy manufacturing industry is thinking of leaving Germany and moving to the US or other places. Especially becaus
by lispm 3y ago
> The media often reports that about 30% of heavy manufacturing industry is thinking of leaving Germany and moving to the US or other places.
Especially because the US provides a lot of local subsidies: https://en.wikipedia.org/wiki/Inflation_Reduction_Act https://en.wikipedia.org/wiki/Inflation_Reduction_Act
- signatoremo 3y agoEurope itself has a lot of local subsidies. Airbus, the space industry, France’s agriculture, the list goes on. Europe also tries to attract chipmakers like TSMC or Intel to open plants there with generous incentive. Intel is said to get $10 billions from Germany: https://www.reuters.com/technology/chipmakers-plans-factories-europe-2023-02-16/ https://www.reuters.com/technology/chipmakers-plans-factorie...
- lispm 3y agoThe US also has a lot subsidies & protectionism: Boeing, the space industry, agriculture, chip industry, ... the US tries to get TSMC and others to open plants there with generous incentives, etc Plus they added even more subsidies and protectionism lately.