Ray Dalio says Trump trade war has put US ‘close to a recession’
Ray Dalio Warns of Recession Risk Due to Trade War
Ray Dalio, the billionaire founder of one of the world’s largest hedge funds, recently expressed his concern that President Trump’s trade war could push the US economy into a recession. In an interview on NBC’s “Meet the Press,” Dalio stated that the ongoing trade war has put the country on the brink of a significant economic downturn.
When asked about the possibility of a recession, Dalio responded, “I think that right now we are at a decision-making point and very close to a recession.”
Dalio highlighted the disruptive nature of the tariff plan, which has caused turmoil in global markets. He likened the impact of tariffs to “throwing rocks into the production system.”
Expressing further concern, Dalio pointed to the combined effects of US debt, budget deficits, and global political tensions as potential triggers for a more severe economic crisis.
Dalio, who founded Bridgewater Associates nearly 50 years ago, manages investments from 175 entities, including pension funds, foundations, and central banks. He emphasized the need for careful management of trade policies, debt levels, and geopolitical tensions to avoid a potentially catastrophic economic outcome.
