French Suffering for Their Anti-War Stance
April 22, 2003
An American backlash against French products and businesses has started to bite, according to the Washington Post. At risk are French exports to the United States, which totaled $28.4 billion last year.
While the Movement of French Enterprises (Medef), the French business federation, refuses to release official figures on the effect, there are numerous examples of hurt trade:
- The wine distributor Monsieur Touton Selection Ltd. in New York has lost $500,000 in sales last month due to anti-French feeling and customers are demanding other countries' wines.
- W.J. Deutsch & Sons Ltd. of White Plains, N.Y. -- the number one U.S. importer of French wines, as measured by cases shipped -- said its sales dropped 10 percent in the past 10 months, costing hundreds of thousands of dollars.
- Patricia Carreras, president of IC&A Inc., a home-decor business in New York that imports exclusively French products, said sales have been down 40 to 50 percent since February.
On top of diminished commerce, American tourism in France is down by about 20 percent. France can hardly afford these trade pressures; it is already on the brink of recession and desperately needs new economic growth. Surprisingly, Germany has not suffered any similar retribution.
Source: Robert J. McCartney, "U.S. Boycott Being Felt, French Say," Washington Post, April 16, 2003.
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