Billionaire Ray Dalio Says He’s ‘Very Concerned’ About Trump Tariffs, Predicts Worldwide Economic Slowdown

Iconic investor Ray Dalio warns that the tariff coverage of US President Donald Trump could cause a worldwide financial delay.

In a brand new interview on CNBC, the founding father of Bridgewater Associates says that he’s critical concern that growing charges could cause macro -economic destruction at a time when the nation stands for varied different challenges.

“I agree with the issue. I’m very nervous in regards to the answer, the usability of the answer. In different phrases, I believe this won’t solely create the issue, the issue of the capital markets I’m speaking about in reference to the costs rising, the prices rise, the turnover that valleys and capital downside will create this nice sand worldwide.

On the identical time, I agree that this interdependence, this problem of productiveness on this planet by which we have to be aggressive and productive, and we’re not aggressive in producing issues, an issue in the long run, not straightforward. And I do anticipate that it’s going to have political penalties. That is the character of the cycle. ”

Dalio additionally says that the nation should tackle different systemic challenges, corresponding to decreasing guilt and decreasing authorities spending.

“It additionally comes on the identical time that now we have a funds downside. Now the funds downside is a comparable necessary downside. So if we glance forward within the coming months, now we have to get the funds deficit of as much as 3% of gross home product. Downside with competitors.

https://www.youtube.com/watch?v=Weku1D1QSR8

Observe us on X, Fb and Telegram

Do not miss a beat – Subscribe to get e -mail notifications on to your inbox

Verify value promotion

Surf the Each day Hodl -Combine

Generated picture: midjourney