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Belgium accuses US of ‘aggressive’ push to lure European business

Prime minister says Inflation Reduction Act is being used to woo EU companies with new green subsidies

The Belgian prime minister has accused the US of an “aggressive” campaign to lure European companies to the other side of the Atlantic with the promise of support under its new green subsidy act.

Alexander de Croo told a meeting at the European parliament Tuesday that the US was seeking to undermine EU industry with the Inflation Reduction Act, a €369bn support scheme passed in August.

“The US, our partner . . . they call our industry. And they tell them why are you investing in Europe? You should come over to the US. Calling German firms and Belgian firms in a very aggressive way — don’t invest in Europe, we have something better,” he told a seminar of his centrist Renew political group.

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