Investment Guru Condemns Trump's Protectionist Policies

Veteran Fund Manager Calls Trump's Tariffs "Illegal"

In a scathing critique of the Trump administration's trade policies, veteran fund manager and billionaire investor, Ray Dalio, has labeled the President's tariffs as "illegal." Dalio, the founder of Bridgewater Associates, one of the world's largest hedge funds, made the remarks during a recent interview with Bloomberg.

"I think the tariffs are illegal," Dalio said. "I think they're a form of protectionism that's not going to work... It's a form of taxation that's not going to be good for the economy."

Dalio's comments come as the global economy continues to reel from the impact of the Trump administration's trade policies, including the imposition of tariffs on goods from China, the European Union, and other countries. The tariffs, which have been met with widespread criticism from economists and business leaders, are intended to pressure trading partners into making concessions on issues such as intellectual property and market access.

However, Dalio argues that the tariffs are not only illegal but also counterproductive, as they will ultimately harm American businesses and consumers. "The tariffs are going to hurt the American people," he said. "They're going to hurt the American companies. They're going to hurt the American consumers."

Dalio's views on the tariffs are in line with those of many economists, who have warned that the Trump administration's trade policies are likely to have negative consequences for the global economy. The International Monetary Fund (IMF) has also warned that the tariffs could lead to a global trade war, which would have devastating consequences for economic growth and stability.

In addition to his criticism of the tariffs, Dalio has also expressed concerns about the Trump administration's handling of the economy more broadly. He has warned that the administration's policies, including its tax cuts and deregulation efforts, are likely to lead to an economic boom that is unsustainable and ultimately ends in a crash.

Overall, Dalio's comments serve as a stark reminder of the risks and uncertainties that surround the global economy, and the need for policymakers to adopt a more nuanced and effective approach to trade and economic policy.