Eau Claire (WQOW) - Now that President Trump has pulled the U.S. out of the Iran nuclear deal, News 18 wanted to know how that decision could impact people here in the Chippewa Valley.
News 18 spoke with a political science professor from UW-Eau Claire Friday, who said as diplomacy falters, military presence generally increases. That means more tax dollars are allocated to our armed forces.
That's not the only money that could be lost now that the deal's out the window. Ali Abootalebi, from UWEC, said many European nations are looking to expand business in Iran, and since the U.S. has turned its back on the country, he fears we could miss out on economic opportunities.
"Boeing was about to make $25 billion from a major deal with Iran, so we're going to lose billions of dollars and prospect for investment in Iran as well," Abootalebi said.
Abootalebi said pulling out of the Iran deal doesn't send a positive message to North Korea as the U.S. looks to improve relations with that nation. He said it suggests that deals with the U.S. aren't long-lasting, and could change as easily as the administration in charge.