Ray Dalio, billionaire founder of Bridgewater Associates, has expressed concern that President Donald Trump’s tariff war is pushing the US economy close to a recession or even worse. In an interview with NBC’s “Meet the Press,” Dalio warned that tariffs can have a highly disruptive impact on the global economy.
Dalio, known for his accurate predictions, including the 2008 financial crisis, believes that the current trade tensions may lead to a more severe economic downturn if not handled properly. He notes that the way tariffs are implemented makes all the difference in the outcome.
The US tariff war has triggered global market turmoil, and experts warn of an increasing chance of recession. Goldman Sachs economists predict a 45% chance of a recession within the next 12 months. The company’s CEO, David Solomon, stated that growing indications of slowing economic activity worldwide have increased the prospect of a recession.
Dalio’s warning echoes concerns from major Wall Street banks, who fear that tariffs could hamstring the US economy. The billionaire’s comments come as Trump has paused some tariffs, while others remain in place. Despite this pause, some Chinese electronic goods will still face a 20% levy imposed on China.
Source: https://edition.cnn.com/2025/04/14/business/ray-dalio-recession-trump-tariffs-intl/index.html