Ray Dalio speaks onstage during the 2025 TIME100 Summit at Jazz at Lincoln Center on April 23, 2025 in New York City
Waves of tariffs from U.S. President Donald Trump has unleashed chaos across global markets, reigniting trade tensions and rattling investors. But billionaire hedge fund manager, Ray Dalio, says the real storm is still to come.
Back in April, Dalio argued in a lengthy social media post that the recent tariff drama is merely a symptom of deeper, structural problems.
“We’re seeing a classic breakdown of the major monetary, political and geopolitical orders,” he wrote.
Dalio outlined four forces he described as reshaping the global landscape — plus two assets that help investors mitigate the ongoing economic risks.
Dalio said the global economic order is breaking down due to unsustainable debt and deep imbalances between debtor…
