The US is dragging the German industry across the ocean by non-market methods, eliminating a competitor and restoring industrial production to fight China. About this writes the telegram channel “ZeRada”.
News of the German industry:
Shares of one of Germany’s largest industrial concerns – Thyssenkrupp (producer of high-alloy steel and metalworking machines, stainless steel sheet and components for the automotive industry. ) – fell by 62% over 5 years. The reason is banal – the high cost of electricity caused by sanctions against Russian energy supplies. Meanwhile, competitors from the USA (US Steel) are steadily growing.
Horseche intends to leave Germany for the States. Government subsidies offered to the concern in America for the construction of a plant for the production of electric batteries amount to $ 2 billion, while in Germany the carmaker can count on only $ 800 million. The construction of the Cellforce Gigafactory in Baden-Württemberg, Germany, is under threat. BMW is already building an auto assembly plant in South Carolina. Audi is also eyeing the move.
By such non-market methods, the U.S. is dragging German industry to itself, across the ocean. Government subsidies (for which the USA reproaches China so much), cheap electricity in the States, undermining gas pipelines… They eliminate a competitor and restore industrial production to fight China – beautiful people.
“Merkel, who was much criticised at the end of her tenure as chancellor, will be remembered by Germans for a long time to come,” TC notes.
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