The TIME: Iran Sanctions Have Cost U.S. Economy Up to $175 Billion, Study Says

http://time.com/2981444/iran-sanctions-us-economy/

U.S. sanctions against Iran don’t just hurt the Islamic Republic, they also have an impact on the U.S. economy—to the tune of as much as $175.3 billion since 1995, according to a new study.

The report found the U.S. had lost between $134.7 and 175 billion in potential export revenue since 1995, after examining decades of bilateral trade patterns between Iran and its 25 largest trading partners, plus Mexico, due to its high level of trade with the U.S.

The report also finds an average of between 51,000 and 66,000 lost job opportunities in the U.S. every year since 1995.

Among European nations, Germany was the biggest potential loser, with between $23.1 and $73 billion in missed economic opportunities.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s