Summary of the Article:
- Billionaire Ray Dalio has warned that the U.S. and China are “on the brink of war” and “are beyond the ability to talk.”
- Dalio cautioned that the next 18 months “will be a very risky period” and there is reason to worry that U.S.-China trade could collapse.
- The billionaire founder of Bridgewater Associates added that hawkish political influences in the United States will push against China, leading to more brinksmanship from the US.
Ray Dalio Warns of War between US and China
Billionaire Ray Dalio, founder of world’s largest asset manager Bridgewater Associates, has warned that the US and China are „on the brink of war“ and „are beyond the ability to talk“. The billionaire added that their relations „are getting so bad“ that U.S.-China trade could collapse. He cautioned that the next 18 months „will be a very risky period.“
US-China Relations On Brink Of War
Dalio stated in a Linkedin post published Wednesday, that relations between US and China have deteriorated so much they appear close to having a sanctions war or military war neither side wants. He emphasized by saying they are on brink does not mean they will necessarily go over it but if red lines are crossed it will irrevocably push them over into some type of war which will damage these two countries as well as cause damage to world order in severe and irrevocable ways like Russia’s invasion of Ukraine did for Russia and world, just much bigger.