Financial markets are still facing uncertainty due to Trump's tariff threats with the new tariff deadline set for August 1.
UBS suggests steps for investors to navigate the ups and downs of the trade war, including phasing into equities and focusing on long-term opportunities.
Trump has announced plans for tariffs on goods from the EU, Mexico, Canada, Japan, and South Korea. UBS advises investors to bolster their portfolios against this uncertain backdrop.
Investors should consider gradually building exposure to sectors like technology, healthcare, financial services, and select Asian markets, while also allocating some funds to gold for mitigating policy risks.