‘I’m worried about something worse than a recession’

Bridge builder Ray Galio Sunday said it was concerned about the confusion so much President Donald Trumps Tariff and economic policy will threaten the global economy.

“We are currently in the point of decision-making and recession,” said Dalio, NBC news “” Get acquainted with the press “and this is not working well.

The Hedge Foundation said the billionaire was more interested in the violations of trade, and the world’s debt and developing worlds of World War II have been worried about the development of the world in the world.

“We are going to a very degree confrontation, we are going to the unilateral world order, one-sided world order type,” he said.

Dalio said the history of five power driving: economy, domestic political confrontation, international acts such as international orders, technology and floods and pandemic. Trump tariffs have the understood goals, Dalio said, but the global conflict is carried out in a way that creates a “very violator”.

The rapidly changing tariff policy of the President increased international trade. Trump announced Wednesday 90-day break “Reciprocal tariffs”, only 10% in the company and 145% of the main tasks, 145% of mutifies.

Then the United States was declared US Customs and Border Protection release Although the tariffs for Chinese-made consumer electronics such as smartphones, computers and semiconductors, although the products are subject to 20% of the year. However, the Secretary of Trade Howard Lutnick was withdrawn and was not released on Sunday permanent.

Wednesday post Dalio called on the US in X negotiate Win-Win-Win Trade Agreement that imitated the yuan with China. He called on both countries to solve the growing debts.

On Sunday, Dalio on “Meeting with the press” said the federal deficit of the Congress must reduce the total domestic product to 3% flight Developed in CNBC Be alive Event in March.

“If we do not, we will have a problem for debt demand for borrowing, and the result will be worse than a normal recession.

Dalio said that the value of money is in danger. The merger in the bond market associated with events such as in domestic and international conflict can be more shocked in 1971 and 1971 and President of the Global Finance Crisis Richard Nixon.

This change can be prevented, Dalio said that the MPs cut the deficit and rejects the US conflict and inefficient politics in the global phase.

Pro: Follow the full interview with CNBC’s Bridgewater founder Ray Dalio