Trump likely to make even 'bigger moves' escalating China trade war, Ray Dalio says.
Ray Dalio, the founder of the world’s largest hedge fund, says the Trump administration may be “inching toward bigger moves” in its tit-for-tat trade hostilities against China, amid reports of limiting capital flows to Beijing.
Dalio, known for his provocative takes, says wealth and political inequality is causing populism on both the left and the right, and that the limited ability of central banks to stimulate the economy will lead to more far-reaching actions — very large fiscal spending and large budget deficits that will have to be funded by substantially hiking taxes on the rich, printing money and the buying of debts coming from the deficits.
The Bridgewater co-chairman’s comments come after reports on Friday from Bloomberg indicated that the U.S. was considering a move to delist Chinese companies from U.S. exchanges. Despite blasting an initial Bloomberg News report on it as “fake news,” White House adviser Peter Navarro on Monday said in an interview with CNBC that there were significant issues about Chinese companies listed on U.S. exchanges.
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