Paul Tudor Jones says

Chapter Hedge Fund billionaire Paul Tudor Jones On Tuesday said the stock was sure to impress new minimums even if the president Donald Trump Toning its aggressive tariffs for China.

“This is quite clear to me. You have a Trump that is recorded on tariffs. You have a Fed that is recorded on non -cutting. It’s not good for the stock market,” Jones said on CNBC’s “Box for Squawk.

Widely watching the investor’s bearish comments, after the highest Trump’s highest levies from imports in generations occurred last month, causing extraordinary volatility on Wall Rate. The S&P 500 has suffered a serious sale, but has since picked up most of the losses, sitting 8% below its time.

This year, Trump hit the tariffs of 145% on imported Chinese goods, which made China impose a repayment of 125%. China said last week This assesses the possibility of launching trade negotiations with the US

“It will gain up to 50% or 40%, even if it does it … It will be the greatest increase in taxes from the 60s,” Jones said. “So you can take 2%, 3% discount.”

Jones, the founder and chief investment director of the company Tudor Investment, believes that the stock has not found the bottom because macroeconomic conditions continue to deteriorate. The Federal Reserve has held its key rate overnight stable from December in the range of 4.25% to 4.5%. Fed the chair Jerom Powell he said expects the politicians “waiting for greater clarity” About the following consequences of trade policy before setting up further.

“If they really did not get and really, really, cut, you will probably go to new lows,” Jones said. “And then, when we are new, a difficult day will start to go, and it will probably create the Fed to move, create Trump for movement. And then we get some reality.”

Jones lost glory after he predicted and made a profit from the 1987 stock market. He is also the chairman of the non -profit fair Capital, which occupies public US companies based on social and environmental performance.