UBS: Targeted tariffs could support dollar

 analysts at UBS Global Wealth Management said in a report that the most favorable outcome for the US dollar in the short term would be the targeted implementation of tariffs by the United States. The deadline for the re-imposition of higher retaliatory tariffs after a 90-day suspension is approaching on July 9. Analysts said the United States may impose tariffs on countries that have not made significant progress in trade agreements, while extending tariff deferrals for countries that have made progress. Targeting individual countries in a trade war often strengthens the US dollar, while broad tariffs typically weaken the US dollar.