Trade Deficits and J-Curve Adjustment Paths. Assume the United States has the following import/export volumes and prices. It undertakes a major "devaluation" of the dollar, say 17% on average against all major trading partner currencies. What is the pre-devaluation and post-devaluation trade balance? 1.87 18.3500 Initial spot exchange rate, $/fc Price of exports, dollars ($) Price of imports, foreign currency (fc) Quantity of exports, units Quantity of imports, units 12.1700 100 120 Percentage devaluation of the dollar 17.00 What is the pre-devaluation trade balance? The revenues from exports are $. (Round to the nearest cent.)