During an interview on NBC's Meet the Press, Dalio warned that Trump's tariff policies and current global tensions could lead to a crisis "worse than a recession." The hedge fund manager compared the current situation to the 1930s, highlighting risks like internal political conflict, shifting global power dynamics, and economic instability.

Ray Dalio, billionaire investor and founder of one of the world’s largest hedge funds, warned that US President Donald Trump’s tariff war has put the country near a recession and said he’s worried “something worse” than a recession could come.

Ray Dalio has a dire warning for the president. These moves have rattled markets, and the business community has overwhelmingly supported Trump's presidential campaign. Ray Dalio,