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Ray Dalio Says Trade War Isn’t Biggest Issue for China and U.S.

Ray Dalio

Ray Dalio

Photographer: Jason Alden/Bloomberg   

With the trade war between China and the U.S. grabbing global headlines, Ray Dalio, the billionaire founder of investment management firm Bridgewater Associates LP, took to a lengthy LinkedIn post to argue it’s not the biggest issue in the relationship between the two countries.

“While considerable attention is now being paid to the trade war, what is more important is that China and the U.S. are in a competition of cultural approaches, with the U.S. approach being more opposite than similar to the Chinese approach,” Dalio said.