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The Guardian - US
The Guardian - US
Business
Maya Yang

Hedge fund billionaire says US may face ‘worse than a recession’ from Trump tariffs

Ray Dalio Recession United States Donald Trump China
man wearing navy suit and purple tie sits at table
Ray Dalio attends an event with Xi Jinping in Beijing, China, on 28 March. Photograph: Ng Han Guan/AP

Billionaire investor Ray Dalio said that he is worried the US will experience “something worse than a recession” as a result of Donald Trump’s trade policies.

Speaking to NBC’s Meet the Press on Sunday, the 75-year-old hedge fund manager said: “I think that right now we are at a decision-making point and very close to a recession. And I’m worried about something worse than a recession if this isn’t handled well.”

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