Founder Bridgewater Associates Ray Dalio At the end of Wednesday, the US called for a deal with China when two superpowers grow over each other by sending world shares to uncertainty.
A X billionaire said that all participants are now “revisited by their approaches”.
“There are better and worse ways to solve our problems with unstable debt and imbalance, and President Trump’s decision will retreat from the worst way and agree on how to deal with these imbalances is a much better way.”
Dolio’s message comes a few hours after Trump said he Growing tariffs for Chinese goods Up to 125% of Beijing’s “lack of respect”, while stopping and reducing mutual tariffs for other countries that were announced last week. The move came in response to the fact that China has announced that it increased its mutual tariff for US goods from 34% to 84%.
Trump says even more raising tariffs on China, stopping mutual tariffs for others
Ray Dalio performs on stage during May 22, 2024 at the “Wall Street Journal” in “Future of the Value” on May 22, 2024 in New York. (DIA Dipasupil / Getty Images / Getty Images)
Meanwhile, in other countries, the Trump administration has stated that there would be a 90-day pause on the tariffs due to a large volume of more than 75 countries that turn to the White House to make a deal.
Navari Touts Tariff Trump “Pause” as “Art of the Rececricol Trade”
Dalio said he hoped that Trump concludes with China an agreement that will evaluate Yuan against the US dollar, “reached by Chinese assets that sell dollar assets, and mitigated its financial and monetary policy to stimulate their demand.”
President Donald Trump shows the signed executive order to introduce tariffs for imported goods during the White House event on April 2. (Andrew Harnica / Getti Image / Getti Image)
“It would be win-win. The Chinese must then rebuild and monetize their excessive debt of local self-government to get debt for them,” Dalio said. “One way or another, there will be significant changes in debt/monetary orders to solve the problem of debt, trade and capital imbalance.”
On Friday, November 8, 2024, the People’s Bank of China (PBOC) in Beijing, China, China. (Getty Images / Getty Images)
Dalio said the next step of the Trump administration should be the fight against the US deficit, reducing it to only 3% of GDP.
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“It is also a great time for investors who were shocked and in horror of what happened (and what could happen) revise their approaches to the structuring of their portfolios so that they do not have such unbearable risks,” Dalio said, warning that “another worst case of the market steps that are terrible.”
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2025-04-10 05:50:00
