UBS: Targeted tariffs may support the US dollar

UBS Global Wealth Management analysts stated in a report that the most favorable outcome for the US dollar in the short term would be the implementation of targeted tariffs by the United States. After a 90-day pause, the deadline for re-imposing higher reciprocal tariffs on July 9 is approaching. Analysts said that the US may impose tariffs on some countries that have not made significant progress in trade agreements, while extending tariff suspensions for those that have made progress. Targeting individual countries in a trade war often strengthens the dollar, while broad tariffs typically weaken it