Dalio: Trump's Tariffs Trigger Global Economic Shift

Ray Dalio, billionaire founder of Bridgewater Associates and known for predicting the 2008 recession, has warned that it is now 'too late' to prevent severe economic fallout from former President Trump's tariffs. Dalio contends that the tariffs have triggered a breakdown in global economic, monetary, and political orders, with exporters and investors preparing for a future with less reliance on the U.S. He emphasizes that America's role as the world's top consumer and debt issuer is unsustainable, and warns that the U.S. risks being bypassed as countries and companies form alternative global networks. Dalio urges urgent, coordinated policy action but doubts that leaders will act before a historic realignment occurs. His comments highlight increasing concerns among financial leaders about fractured globalization and rising economic uncertainty.