Hedge fund billionaire says US may face ‘worse than a recession’ from Trump tariffs

Ray Dalio's comments come after rocky week across stock markets after policies including 145% tariff raise on China

• People in the US: tell us how you think Trump's first 100 days have gone so far

Billionaire investor Ray Dalio said that he is worried the US will experience something worse than a recession" as a result of Donald Trump's trade policies.

Speaking to NBC's Meet the Press on Sunday, the 75-year-old hedge fund manager said: I think that right now we are at a decision-making point and very close to a recession. And I'm worried about something worse than a recession if this isn't handled well."