Ray Dalio says Trump’s ever-changing tariff policy could contribute to a problem ‘worse than recession’ 

• Ray Dalio warns that President Trump's tariff policies, combined with rising debt and global tensions, could lead to a breakdown of the U.S. "monetary order," causing disruptions far more severe than a typical recession. He compares current conditions to the 1930s, citing risks of internal political conflict, international power shifts, and economic instability that could escalate into a global crisis if poorly managed.

President Trump’s shifting tariff policy is part of...