How did the United States try to address the trade imbalance with Japan?

Question

Quizplus · Accepted Answer

The United States attempted to address the trade imbalance with Japan by devaluing the dollar. This makes American goods cheaper for Japanese consumers and Japanese goods more expensive for American consumers, which could potentially lead to a decrease in the trade deficit. Threatening Japan with a trade embargo or asking the World Bank for help were not options pursued by the United States in addressing the trade imbalance. Abandoning the gold standard was not related to the trade imbalance with Japan.

How Did the United States Try to Address the Trade