“I'm worried about something worse than a recession”

Founder of Bridgewater Ray Galio He said on Sunday that he was worried that the confusion is followed President Donald Trump Tariff and economic Rules threatens the global economy.

“At the moment we are at a decision-making point and very close to the recession,” said Dalio in NBC News “Meet the Press”. “I'm worried about something worse than a recession, if it's not well served.”

The billionaire of the Hedge Fund said that he was more concerned about trade interference, growing American debts and emerging world powers reducing the international economic and geopolitical structure, which existed since the end of World War II.

“We go from multilateralism, which is largely an American world order, to a unilateral world order in which there is a great conflict,” he said.

Dalio said that five forces drive the history: economy, internal political conflict, international order, technology and nature acts, such as floods and pandems. Dalio said that Trump's tariffs have understandable goals, but they are implemented in a “very destructive” way that creates a global conflict.

The President's rapidly changing tariff policy has increased international trade. Trump announced on Wednesday 90-day pause In its “mutual tariffs”, but it was a strong 10% of basic duties and 145% of mutual tariffs for China.

Then American customs and borders protection announced sick leave From mutual tariffs for Chinese consumer electronics, such as smartphones, computers and semiconductors at the end of Friday, although the products remain subject to a 20% tariff imposed earlier this year. But the Secretary of Trade Howard Lutnick withdrew on Sunday and said that there was no release constant.

On Wednesday post On X Dalio called to the USA negotiate “Win-win” trade agreement with China, which would appreciate Juan in relation to the dollar. He also called both countries to solve their growing debts.

Dalio about “Meet The Press” said on Sunday that Congress should reduce the federal deficit to 3% of the gross domestic product, echo comments He did at CNBC's Will coincide live Event in March.

“If not, we will have a problem with taking debt at the same time in which we have these other problems, and the results will be worse than a normal recession,” said Dalio.

Dalio said that the threatened value of money was threatened. The division on the bond market, combined with events such as internal and international conflict, can be an even more serious shock to the monetary system than the cancellation of the gold standard by President Richard Nixon in 1971 and the global financial crisis in 2008.

Dalio said that this change can be avoided if the legislators work together to cut the deficit and the US discourage conflict and inefficient policy on the global stage.

PROFESSIONAL: Watch a full CNBC interview with the founder Bridgewater Ray Dalio