July 15, 2014
Numbers like these are unlikely to tilt Iran policy said Kimberly Elliott, a trade policy expert at the Center for Global Development. Ms. Elliott conducted a similar study on the costs of sanctions in the 1990s that had little effect on policy, she said. Ms. Elliott says because the costs of lost trade to Iran aren’t paid directly, like military action, they’re unlikely to be accounted for. The numbers are also too small to have much impact on policy thinking, Ms. Elliott said. “The costs are relatively small and they’re off budget,” Ms. Elliott said. “When you have something of this high of importance as Iran, the cost to U.S. exports shouldn’t be at the top of the list of things that are important,” Ms. Elliott said.