- Bridgewater Associates co-chief investment officer & co-chairman Ray Dalio issued a warning that the trade war could turn into a capital war
Bridgewater Associates co-chief investment officer & co-chairman Ray Dalio has issued a warning that the trade war between the US and China could turn into a capital war as well.
“There is a trade war, there is a technology war, there is a geopolitical war, and there could be a capital war. How that is approached is going to determine our futures,” said Dalio at an event which was transcribed by the National Committee on U.S.-China Relations (NCUSCR). “I hope that it is done with mutual understanding instead of wars – a win-win relationship rather than a lose-lose relationship.”
At Bridgewater, billionaire Dalio oversees $160 billion in assets. Dalio made these remarks at a gala that was hosted by the NCUSCR in New York.
“My responsibility as a global economic investor is to find the elements that make countries succeed and fail, and to quantify those indicators,” added Dakui,
The comments from Dalio are happening at a time when the U.S. government is pushing the reduction of investments into Chinese companies. But at the same time, the U.S. and China are looking for ways to resolve the trade deal by reducing tariffs on goods sold to each other.
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