I believe it that US food is more expensive and lower quality.
I was just thinking about bread in the US specifically. When I go to the grocery store here the bread is relatively expensive, and the vast majority of it is full of chemical additives. It subjectively tastes like fake crap. It's mass produced in a factory and shipped across the country, and for all that it's not even cheap to buy.
There are one or two specialty bakeries in my city but they are far apart, and a bit expensive, though still so much better than what is available at the chain groceries. I'm sure there are lots of places in the country that don't have those local options at all. Feels like the basic unadulterated loaf of bread has in the US become more of a luxury item than a cheap staple.
In my limited European experience (Italy and France mostly), there were numerous small bakeries in every single neighborhood I visited. I could easily take a short walk and grab a baguette or loaf for 1-2 euro, far cheaper than in the US. The bread was delicious and fresh, locally made, free of all the questionable additives.
Then repeat that for other things like cheese, berries, cured meat... each available in Europe with so much less additive or alteration, so much less mass production, cheaper and more plentiful. My travel diet was excellent and felt both healthier and cheaper.
I'm not sure what lead to this cultural difference. Maybe centralization, car culture, difference in regulation, or something else entirely. But the end result is a bit depressing.
I shop at a major supermarket chain (in the U.S.). They have a variety of fancy breads without chemical additives, and cheap breads with a ton of chemical additives. Most of the bread is baked locally. Some of it is baked in the store itself.
When I was traveling in Europe, I stopped in stores to compare the foods and prices. I looked at the food labels, and the food there had just as many chemicals as the similarly priced items in the U.S. The expensive foods had fewer adulterants...but that's the same way expensive food in the U.S.
TLDR: expensive food is still decent everywhere. Cheap food is crap everywhere.
It's expensive, but this uncompromising bread is the best I've ever found in the USA and it ships nationwide: https://www.zingermans.com/Category.aspx?Category=all_breads