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Ray Dalio Says Trade War Is ‘Political Show’ for Now

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World on Alert for a Trump and China Trade War

Ray Dalio, who runs the world’s largest hedge fund at Bridgewater Associates, said the impact of tariffs proposed by President Donald Trump “will be very small” on trade between the U.S. and China.

“I believe that what is happening now is more for political show than for real threatening,” Dalio said in a post on his LinkedIn page Monday. “If tariffs are imposed as indicated, I would hope and expect the Chinese response to be small and symbolic so that both sides will have rattled their sabers without actually inflicting much harm.”