• Ray Dalio’s comments come after rocky week across stock markets after policies including 145% tariff raise on China

Billionaire investor Ray Dalio said that he is worried the U.S. 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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Dalio, who correctly predicted the 2008 recession, also said the current economic state of the U.S. is “at a juncture”.

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Source: Maya Yang, theguardian.com/business/2025/apr/13/ray-dalio-trump-tariffs-recession