“I am worried about something worse than stagnation.”

Founder of Bridgeter Ray Galio On Sunday he said that he was concerned that the disturbances resulting from President Donald Trump The tariff and economic Policies The global economy will threaten.

“Meet the Press”. “I am worried about something worse than stagnation if it is not treated well.”

The billionaire hedge fund said it is more concerned about commercial turmoil, and the debts of the United States and the emerging global authorities that fall the economic and geopolitical structure that has been present since the end of World War II.

“We are moving from pluralism, which is a large type of American world, to a unilateral system in which there is a major conflict,” he said.

Dalio said that five forces lead history: economics, internal political conflict, international order, technology and nature works such as floods and epidemics. Dalio said that Trump’s tariff has understandable goals, but is implemented in a “very disturbing” way that creates a global conflict.

The president’s changing policies have rapidly changed international trade. Trump announced on Wednesday Stop for 90 days On the “mutual tariff”, but it stood firmly on the duties of the foundation by 10 % and 145 % of the mutual tariffs in China.

Then, it announced the customs and the protection of the American border Exemption A mutual tariff for Chinese consumer electronics such as smartphones, computers and semi -conductors late Friday, although products are still undergoing a 20 % tariff imposed earlier in the year. But Trade Minister Howard Lootnick fell on Sunday and said that the exemption was not permanent.

On Wednesday mail On x, he called Dalio to the United States Negotiation A “victory” commercial agreement with China, which would estimate the yuan against the dollar. He also called on both countries to address their growing debts.

Dalio on “Meet The Press” said on Sunday that Congress should reduce the federal deficit to 3 % of GDP, echoed. comments Made in CNBC’s Converge directly The event in March.

“If they do not do that, he will face a problem with debt presentation at the same time that we face these other problems, and the results of this will be worse than the natural recession,” Dalio said.

Dalio said the value of the money is at stake. The collapse of the bond market, along with events such as internal and international conflict, can be a more severe shock to the monetary system than the abolition of President Richard Nixon’s gold standard in 1971 and the global financial crisis in 2008.

Dalio said this change can be avoided, if legislators are working together to reduce the deficit and the United States praises the ineffective conflict and policy on the world stage.

Professional: Watch the full CNBC interview with the founder of Bridge, Ray Dalio