Well, one way to fast-shrink the trade deficit is to depreciate...

  1. 7,794 Posts.
    Well, one way to fast-shrink the trade deficit is to depreciate the currency & increase interest rates.
    It may come with unpleasant side effects such as recession.
    The question for Canada & Mexico is - are you going to sign a new trade agreement(NAFTA) with the country who enacts tariffs and trade restrictions against you?
 
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