Analysis: Targeted tariffs may support the dollar

ChainCatcher news, according to a report by UBS Global Wealth Management analysts, the most favorable outcome for the dollar in the short term would be the U.S. implementing targeted tariffs. The deadline for re-imposing higher reciprocal tariffs on July 9 is approaching after a 90-day suspension.

Analysts say that the U.S. may impose tariffs on some countries that have not made significant progress in trade agreements, while extending the tariff suspension for those that have made progress. Targeting individual countries in a trade war often strengthens the dollar, while broad tariffs typically weaken it. (Jin Ten)