“I am worried about something worse than recession”

Bridgewater founder Ray Galio said on Sunday what is experiencing that the shock that result from President Donald Trump Tariff and economic politics threatens the global economy.

“Now we are at the decision-making place and very close to the recession,” Dalio said at NBC News “Get to know the press.” “And I am worried about something worse than a recession if it doesn’t do well.”

Hedge Fund said he was more concerned about trading disruption, increase in debt in the US and world powers that reduce the international economic and geopolitical structure that has existed since the end of World War II.

“We come from a multilateral, which is largely an American type of world order, to a one -sided world order that has a great conflict,” he said.

Dalio said five forces were moving history: economics, internal political conflict, international order, technology and actions of nature, such as floods and pandemics. Dalio said Trump’s tariffs have understandable goals, but they are being realized in a “very devastating” way that creates a global conflict.

The president’s tariff policy has changed rapidly. Trump on Wednesday announced 90-day pause On its “mutual tariffs”, but it firmly stood on 10% of the basic duties and 145% of mutual tariffs for China.

Then the US Customs and Border Protection announced exemption From mutual tariffs for Chinese consumer electronics, such as smartphones, computers and semiconductors, at the end of Friday, although products remain 20% of the tariff imposed earlier. But commerce secret constant.

On Wednesday pillar on x, Dalio called on the US negotiate A “win -win” trade agreement with China, which would estimate the yuan against the dollar. He also called on both countries to decide his debt growth.

Dalio on “Meet The Press” said on Sunday that Congress should reduce federal deficit to 3% gross domestic product by playing comments He did in CNBC Get off live event in March.

“If they do not do it, we will have a debt problem at the same time if we have these other problems, and the results will be worse than the usual recession,” Dalio said.

The cost of the money itself goes to the card, Dalio said. Assembly on the bond market combined with events such as the internal and international conflict may become an even more serious shock to the monetary system than the abolition of President Richard Nixon Gold Standard in 1971 and the global financial crisis in 2008.

Dalio said this change can be avoided when legislators work together to prune the deficit, and the US hinders conflict and ineffective policy in the world stage.

Pro: See a complete interview CNBC with Bridgewater Dalio founder