According to a report by Gold Finance, one of the largest hedge funds in the world, billionaire founder Ray Dalio stated on Sunday that the trade war initiated by U.S. President Donald Trump is bringing the U.S. closer to recession. "I believe we are now at a critical decision point and very close to recession," Dalio said. He noted that this situation is "extremely destructive," and the impact of tariffs is "similar to throwing stones at the production system." He also expressed concern about the potential complex effects of U.S. debt, budget deficit, and global political tensions.
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According to a report by Gold Finance, one of the largest hedge funds in the world, billionaire founder Ray Dalio stated on Sunday that the trade war initiated by U.S. President Donald Trump is bringing the U.S. closer to recession. "I believe we are now at a critical decision point and very close to recession," Dalio said. He noted that this situation is "extremely destructive," and the impact of tariffs is "similar to throwing stones at the production system." He also expressed concern about the potential complex effects of U.S. debt, budget deficit, and global political tensions.
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