Ray Dalio, founder of Bridgewater Associates, expressed concerns about a potential recession despite President Donald Trump pausing reciprocal tariffs.
What Happened: According to a report by Fortune, Dalio shared his views on Bloomberg Television on Thursday, following Trump’s announcement of a 90-day grace period for trade negotiations.
Trump’s decision to halt reciprocal tariffs did not alleviate worries, as he imposed a 10% blanket tax on other nations and duties on China.
Dalio highlighted the likelihood of a recession, defined as two consecutive quarters of negative GDP growth, but emphasized broader concerns about financial, political, and geopolitical dynamics.
As tensions between the U.S. and China escalate, with Trump imposing a 145% tariff and China retaliating with a 125% tariff, the trade war has intensified.
Moody’s Chief Economist, Mark Zandi, …