Billionaire Ray Dalio who predicted 2008 recession says Donald Trump’s tariff war is pushing America close to a recession — or perhaps “something worse”

Ray Dalio, who predicted the 2008 crisis, warns that mishandled economic policies, particularly Trump’s tariffs, could push the U.S. into a recession. He likens the tariffs’ disruptive implementation to destabilizing the production system. Despite a tariff pause, Goldman Sachs estimates a significant chance of a recession within the next year, highlighting growing economic uncertainty.