'We're having difficulties with companies which are starting to consider offshoring their production or making future investment outside Europe,' a French official said.
Nov 21st 2022 at 8:56AM
PARIS — French President Emmanuel Macron on Monday will host a dinner with a number of European chief executives to convince them not to move production to the United States, where lower energy prices and the Inflation Reduction Act is proving a lure.administration, which make tax breaks conditional on U.S-manufactured content and which EU industries say make investment in Europe less competitive.
"We're having difficulties with companies which are starting to consider offshoring their production or making future investment outside Europe," a French official said, listing high energy costs and the U.S. legislation as reasons. At the Elysee palace, Macron will seek to convince executives from companies including chemical groups Solvay and
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