![]() His first tip: Assess your financial risks "I hope that thoughtful attention will be paid to that issue and that mutual understandings will increase and inclinations to fight will diminish. "What I think and what Bridgewater does are of minuscule importance relative to the rapidly growing risk of U.S. war with China," he wrote. and China could back away from the precipice of conflict. In that post, he also expressed hope that the U.S. "I was not expressing my own opinion or endorsing that approach." "I was attempting to explain what a Chinese leader told me about how they think about governing," Dalio wrote. After telling CNBC last week that China's human rights policies were akin to those of a "strict parent," he clarified his comments in a LinkedIn post. Last year, a Federal Reserve Bank of New York study found that the trade war had cost American companies $1.7 trillion in market capitalization.ĭalio's comments about China have prompted recent controversy. That could intensify the two nations' trade war, which was started by the Trump Administration in 2018 and has led American companies to cut wages, lower profit margins and raise consumer prices.Ī Moody's Analytics study found that the trade war cost Americans at least 300,000 jobs in just its first year. ![]() In his newest book, " Principles for Dealing with the Changing World Order," Dalio wrote that American attempts to make China and its culture "more American" could eventually backfire, prompting a conflict. ![]()
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