Targeted Tariffs Could Strengthen Dollar, UBS Analysts Suggest

According to BlockBeats, UBS Global Wealth Management analysts have indicated in a report that the most favorable short-term outcome for the U.S. dollar would be the implementation of targeted tariffs by the United States. As the deadline approaches on July 9 for the re-imposition of higher reciprocal tariffs following a 90-day suspension, analysts suggest that the U.S. may impose tariffs on countries that have not made significant progress in trade agreements, while extending tariff suspensions for those that have shown advancement. The report highlights that targeting specific countries in trade disputes tends to bolster the dollar, whereas broad tariffs generally weaken it.