The Pixel 5 was actually cheaper in Europe because it didn't support mmWave 5G.
Sure, it's a loss leading tactic. And that's my point. Outside the US, Google is using incredibly weird, inconsistent and half-assed marketing tactics. If you believe there will be something better than getting free Bose 700 headphones, you'll probably be disappointed.
I ordered my Pixel 5 on day one, and I was waiting for good deals throughout the year so that I could recommend it to family members, and that just didn't happen. And the 5a wasn't even released in most of the world.