Investments in the United States still progressed last year to the detriment of Europe, but “total uncertainty” created by Donald Trump’s policy will eventually weigh on them, he estimates that the head of “France 2030” Bruno Bonnell, shortly before the opening of the “Choose France” summit.
Donald Trump “is totally unpredictable, we do not know absolutely what he will decide tomorrow, he emphasizes, judging that” it was still quite great “in the United States, adds Bruno Bonnell.
France 2030 is the investment plan for five years of 54 billion euros in support of the companies launched in 2021 by Emmanuel Macron to “catch up with the French industrial delay.”
With a similar purpose, the Biden administration created in 2022 a massive Baptized Ira (inflation reduction law) that offers subsidies to companies that wish to develop projects in future industries and, therefore, attracting many candidates.
According to the EY cabinet barometer published on Wednesday and based on the figures of the United Nations Commerce and Development Conference (UNCted), investments in the United States increased by 20% last year, which contributed to the decrease in European attraction.
However, as soon as his house accumulates to the White House, the president of the United States, Donald Trump, wanted to question the project of his predecessor.
He preferred to announce on April 2, very strong increases in customs tariffs in imported products, 20% for European products, for example, which suspended the following week for three months, while maintaining a general grain increase of 10%.
Donald Trump thinks of attracting foreign investments and employment creations by imposing these customs tasks, to encourage companies to establish in the United States to escape.
On Wednesday, the Sanofi French pharmaceutical group announced its intention to “invest at least $ 20 billion in the United States by 2030”, joining its US investment projects other important names in the pharmacy, such as Eli Lilly, Johnson & Johnson, Merck, Roche and Novartis.
“What is happening in your head”
This decision was judged as “a bad signal” on Thursday by Eric Lombard Minister, a few weeks after President Macron asked French companies to freeze their US projects during customs tasks between the United States and Europe.
According to Bruno Bonnell, the United States has “caught many companies, but for unexpected effects.” Now “the effect of unexpected gain, we know when it begins, we do not know when it ends,” he observes, insisting on “total uncertainty about the decisions that US administration can take today.”
“Some companies say that you will negotiate in front with Donald Trump” in customs tasks, “but in reality nobody knows what is happening in his head,” insists Bruno Bonnell in this interview led just before Choice France Summit.
This summit brings together Monday for the eighth year of foreign companies around President Emmanuel Macron in the Versailles Palace, while Ey classifies France in the first European country for foreign investments for the sixth consecutive year. Last year, 15 billion euros were announced there in projects.
For businessmen who would be attracted to the United States, Eric Lombard’s minister said Thursday that “Europe is a paradise of political and regulatory stability, with a fairly constant rule of law.”
Emmanuel Macron has carried out a very “pro-negocios” policy since 2017. In this context, almost 40 billion euros of the France 2030 plan have already been dedicated, including 61% in SMEs and intermediate companies (ETI), according to Bruno Bonnel, allowing the creation of 200,000 jobs through the support of around 7,500 projects.
In a recent report, the Auditors Court invited this program to adopt a better evaluation of its projects, especially the most expensive.
Source: BFM TV
