Bridgewater founder Dalio: Trump's trade war has brought the U.S. "close to the brink of recession."

According to Golden Finance, Ray Dalio, the billionaire founder of one of the world’s largest hedge funds, stated on Sunday that the trade war initiated by U.S. President Trump has brought the United States close to recession. “I believe we are currently at a critical decision point, and we are very close to a recession,” Dalio said, describing the situation as “extremely destructive,” with the impact of tariffs being “like throwing stones into the production system.” He also expressed concerns about the combined effects of U.S. debt, the U.S. budget deficit, and global political tensions.

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