Bloomberg—Co-CIO Hank Smith spoke with Bloomberg about trade tensions and the impact of tariffs on business confidence. “The actual tariffs themselves are pretty small relative to the size of the economy,” said Smith. “The real impact is on confidence. On business confidence, CEO confidence. So if we have an extended multi-month or even multi-quarter battle with China over tariffs, there’s going to be an impact because I think you’re going to see companies be more cautious.” Click to read article