Billionaire Ray Dalio, a China investment expert, is warning that President Trump’s ever-changing tariff policy could contribute to a problem "worse than recession." In an interview at Fortune Global Forum in 2023, the Bridgewater Associates founder cautioned that the technology war between the U.S. and China "isn't going away."
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TechTranscript
00:00The United States is exerting its various powers in that sort of way.
00:08And this, by the way, was very similar to prior to World War II.
00:12We embargoed oil. We prevented oil from going to Japan before, and we froze their assets.
00:20In the United States, as they're thinking, chips are like oil.
00:24So as there's that competition, that's certainly the case. It's a reality.
00:30It's that kind of struggle.
00:32And then there was a worry, would you get sanctions on the bonds that they own and so on.
00:37So it's that kind of war that...
00:38It's not going away.
00:40No, the technology war isn't going away, and how far it passes will be constant tension in terms of the negotiation.