Ray Dalio, founder of Bridgewater Associates, stated on NBC's "Meet the Press" that President Trump's trade war is edging the U.S. towards recession. He highlighted the disruption caused by sudden changes in tariff plans, particularly a significant delay affecting goods from various countries excluding China. Dalio expressed alarm about the combined effect of increasing U.S. debt, budget deficits, and global political tensions, indicating that current conditions could lead to economic turmoil even worse than crises seen in 1971 and 2008.
Dalio expressed concern that the tariff disruptions and degradation of economic conditions have brought the U.S. economy dangerously close to recession, likening the situation to crises of the past.
The hedge fund mogul emphasized that unresolved political and economic challenges such as U.S. debt and rising powers could result in an economic downgrade worse than a typical recession.
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