Money Managers Cast Doubt on Economic Impact of Trump’s Tariffs

Some of the world’s most powerful and influential money managers said they’re not convinced that President-Elect Donald Trump’s potentially wide-ranging tariffs are much more than a negotiating tactic.

That was a key take-away from Franklin Templeton Chief Executive Officer Jenny Johnson and Guggenheim Partners Investment Management Chief Investment Officer Anne Walsh, who spoke at Bloomberg’s Women, Money and Power event in London on Tuesday.

“I think tariffs are still more of a negotiating gambit than they are necessarily where we’re going to see across the board,” Walsh said. “I think they’re going to be more targeted.” Johnson made ...