Billionaire Ray Dalio raises alarm over China, says Trump renegotiating trade deals 'has to happen'

Billionaire hedge fund manager Ray Dalio is revealing and breaking down his latest economic concerns – especially when it comes to China and America’s deficit – in a new Fox News interview.

Speaking with Brian Kilmeade on "Fox & Friends" Wednesday, Dalio warned China won’t give up its competition anytime soon.

"They're also making technology and improving at a fast rate. So you cannot take China and think that they are not going to be a force for the foreseeable future. They're not folding...