What effect does a contractionary monetary policy in the U.S. have on the foreign trade sector?

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When the U.S. implements a contractionary monetary policy, interest rates increase, making investments in the U.S. more attractive. This increased demand for U.S. dollars causes the value of the dollar to rise. As a result, U.S. exports become more expensive, making them less attractive to foreign buyers, and imports become cheaper, making them more attractive to U.S. consumers. This leads to a decrease in U.S. exports and an increase in imports, resulting in a trade deficit.

What Effect Does a Contractionary Monetary Policy in the U