American billionaire and the founder of the hedge fund Bridgewater Associates, Ray Dalio, criticised the sweeping tariffs imposed by US President Donald Trump and said that he is “worried about something worse than a recession” hitting the United States. The remarks from the prominent investor came during his interview with NBC News’ “Meet the Press.” What makes Dalio’s warning significant is the fact that he was the one who predicted that the American economy would be hit by a recession in 2008.
“I think that right now we are at a decision-making point and very close to a recession,” Dalio told NBC News in a recent interview. “And I’m worried about something worse than a recession if this isn’t handled well,” he added. The billionaire reiterated the stark warning in several of his posts on X, formerly known as Twitter.
In the social media post, Dalio noted that it is “too late” to combat the economic fallout of Trump’s tariffs and insisted that the world economic order with the US at the centre is “breaking down”. The billionaire repeated the same warning in the NBC News interview, which he had done before he made the post.
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