Analysis: Targeted Tariffs Could Support the US Dollar

BlockBeats News, July 5th, UBS Global Wealth Management analysts said in a report that the most favorable outcome for the US dollar in the short term would be the US implementing targeted tariffs. With the deadline approaching on July 9th to resume higher retaliatory tariffs after a 90-day truce.

The analysts said that the US may impose tariffs on some countries that have not made significant progress in trade agreements, while extending the tariff suspension for those countries that have made progress. In trade wars, targeting individual countries often strengthens the US dollar, while broad tariffs usually weaken the dollar. (FXStreet)