Barely a day goes by without a company hinting, darkly, that it will build a factory overseas unless taxpayers offer billions of dollars of financial support to keep it close to home.
Long overdue U.S. efforts to tackle climate change and re-shore battery and semiconductor manufacturing are amplifying a corporate subsidy race on both sides of the Atlantic, with businesses unsubtly playing governments off against each to extract more cash. It makes sense, I suppose, but it's all rather infuriating.