“I’m worried about something more than a recession”

Bridgewater founder Ray Galio said on Sunday that he was worried that shocks as a result of To President Donald Trump Tariff and economic policies It will threaten the global economy.

“We are currently in a decision -making point and very close to a recession,” Dalio said on NBC News “Meet the Press”. “And I’m worried about something more than a recession if that doesn’t do well.”

The hedge fund’s billionaire said he was more concerned about trade interruptions, installing the US debt and developing world forces, reducing the international economic and geopolitical structure that has existed since the end of World War II.

“We are moving from multifaceted, which is largely a type of American world order, to a unilateral world order in which there is a great conflict,” he said.

Dalio said five forces stimulate history: economics, domestic political conflict, international order, technology and acts of nature such as floods and pandemics. Trump’s tariffs have understandable goals, Dalio said, but they are applied in a “very destructive” way that creates a global conflict.

President’s rapidly changing tariff policies have increased international trade. Trump on Wednesday announced 90-day pause At its “reciprocal tariffs”, but it stood firmly at 10% base duties and 145% reciprocal tariffs for China.

The US customs and border defense then announced release Of the reciprocal tariffs for consumer electronics made by Chinese, such as smartphones, computers and semiconductors at the end of Friday, although the products remain the 20% tariff imposed earlier this year. But Trade Secretary Howard Luni retreated on Sunday and stated that the release was not PermanentS

Wednesday Post Of X, Dalio called the US to negotiation Trade Agreement with “Winning” with China, which will estimate the yuan against the dollar. He also called on both sides to deal with their growing debts.

Dalio of “Meet the Press” on Sunday that Congress should reduce the federal deficit to 3% of gross domestic product, sounding Comments He did in CNBC Approach live event in March.

“If they don’t, we will have a problem searching for debt search at the same time that we have these other problems and the results of it will be worse than a normal recession,” Dalio said.

The very value of the money is set, said Dalio. The breakdown of the bond market, combined with events such as domestic and international conflict, can be even more severe shock to the monetary system than the cancellation of President Richard Nixon of the gold standard in 1971 and the global financial crisis in 2008.

This change can be avoided, Dalio said if legislators work together to cut off the deficit and the US discourages the conflict and ineffective policy on the global stage.

Pro: Watch the full CNBC interview with Bridgewater founder Ray Dalio