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Analysis: Targeted Tariffs Could Support the US Dollar
Summary: According to sources, analysts at UBS Global Wealth Management 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. The deadline for re-imposing higher retaliatory tariffs on July 9 after a 90-day suspension is approaching. Analysts suggest ...
According to sources, analysts at UBS Global Wealth Management 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. The deadline for re-imposing higher retaliatory tariffs on July 9 after a 90-day suspension is approaching. Analysts suggest that the US may impose tariffs on countries that have not made significant progress in trade agreements, while extending tariff suspensions for countries that have made progress. Targeting individual countries in trade wars often strengthens the US dollar, while broad tariffs typically weaken the dollar.
