Billionaire hedge fund manager warns tariffs could trigger conditions 'worse than a recession'

Billionaire hedge fund manager Ray Dalio warned in an interview on Sunday that he's concerned about the economy experiencing something "worse than a recession" if the trade war sparks a breakdown of the broader financial system.

Dalio, the co-chief investment officer of the world's largest hedge fund, Bridgewater Associates, said in an appearance on NBC's "Meet the Press with Kristen Welker" that President Donald Trump's tariffs have been "very disruptive" and are "like throwing rocks into...