Ray Dalio Advocates US-China Tariff Deal

Ray Dalio of Bridgewater Associates suggests a U.S.-China tariff agreement and advises reducing the U.S. deficit to 3% of GDP. President Trump's decision to ease tariffs shows a shift toward negotiations with China, aligning with Dalio's recommendations for better managing trade imbalances.

Ray Dalio, founder of Bridgewater Associates, has made a strong case for the U.S. to strike a tariff agreement with China. He also emphasized that the next move for President Trump's administration should be to reduce the national deficit to 3% of GDP.

Dalio praised Trump's decision to reverse course and lower the recently imposed tariffs temporarily, marking it as a positive shift towards strategic negotiations with China.

This development reflects Dalio's belief in addressing trade imbalances through diplomatic talks rather than escalating tariffs, signaling a potential change in U.S. economic strategy.

(With inputs from agencies.)