Home Videos Ray Dalio on U.S. – China Trade Tensions, Markets

Ray Dalio on U.S. – China Trade Tensions, Markets

4 min read

Ray Dalio, hedge fund giant Bridgewater Associates, joins ‘Squawk Box’ to discuss markets, interest rates, the debt market and U.S.-China trade tensions.

The dispute between the U.S. and China over trade deficits and surpluses is rather trivial compared to the broader philosophical differences between the world’s two biggest economic superpowers, Bridgewater Associates founder Ray Dalio told CNBC on Thursday.

“The trade war, I think, can be worked out,” the billionaire investor Dalio said in a “Squawk Box” interview on CNBC. But he argued the conflict goes “way beyond the trade war.”

Dalio, co-CIO and co-chairman at Bridgewater, said the two nations’ polar opposite methods of governing is the broader, more difficult issue to reconcile. “It goes back to Confucius in 500 B.C.,” he said.

“It’s basically a top-down versus a bottom-up type of approach,” said Dalio, whose China unit of Bridgewater last month launched its first onshore Chinese investment fund.

“When you look at the 2025 plan in China, the government believes that they should have a plan for making China great” and will coordinate all aspects of public and private enterprise to achieve their goals, he said. “That type of activity is objectionable to the United States” in its free market economy.

The China 2025 plan is a state-backed industrial policy that’s provoked alarm in the West, and is core to Washington’s complaints about Beijing’s technological ambitions.

Dalio appeared on CNBC from the Greenwich Economic Forum in Connecticut where he later spoke to the elite gathering of investment thought leaders.
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Ray Dalio on U.S. – China Trade Tensions, Markets



  1. Browning Lui

    November 17, 2018 at 7:10 pm

    I love Ray, learn sth new every time hear him speak


  2. No Hope Equals no fear

    November 18, 2018 at 1:50 am

    Your average joe
    is more ensightful than cnbc


  3. Dean Bombaderi

    November 18, 2018 at 4:18 pm

    moar debt!


  4. Sean Lynch - Independent Investment Analyzer

    November 19, 2018 at 6:25 am

    Love these videos. Thanks guys


  5. Tom Choo

    November 19, 2018 at 6:35 am

    China CCP distored confucius concept after wwwII. Current China education materia has zero confucius content. Taiwan and Singapore chinese culture are more closes to confucius concept.


  6. Fahed Al-ajmi

    November 20, 2018 at 8:20 am

    He says taxes shouldn't be cut, but will base his business where he pays no taxes, hypocrisy at the highest level.


  7. M D

    November 21, 2018 at 1:40 am

    Is that his dad? I can't watch this, the man looks like he's going into hypothermia on live TV


  8. Times of BE

    November 21, 2018 at 10:32 am

    Chinese are not the brightest with their money. Look at all those ghost cities. But they will be more profitable in the medium to long term than worthless US bonds…for sure.


  9. luban No.7

    November 21, 2018 at 11:01 am

    I think the U.S. used to be our best customer. They consume a lot and request less, except threatening us China once in a while.


  10. Jorge Ponce

    February 25, 2019 at 2:16 am

    Will GE be bailed out by the Fed, either during QE4 or before with an emergency lending facility ?


  11. rajdeep Chakaravarty

    March 5, 2019 at 4:17 am

    Is it just me or the anchor looks like Dalio's son?


  12. sabri ritonga

    March 17, 2019 at 3:45 am

    let see who will be the winner of this running show Between china and US


  13. Locke Li

    April 20, 2019 at 9:06 pm

    When you are the largest buyer and have 35% of the worlds business, you win. Period. China will bend its knees in no time, it’s not even a contest.


  14. H.H. Teo

    May 27, 2019 at 2:18 pm

    What about Boeing? Isn't it very dangerous? Every country should be banning Boeing if what this man is saying makes any sense.


  15. D N

    June 1, 2019 at 11:19 am

    The fed will artificially prop up the bond market and be buyer of last resort. How does ray dalio think of capitalism now?


  16. Mike McKay

    June 2, 2019 at 4:07 am

    Ray is the only financial guy I trust. But I don’t feel like enough people listen to him.


  17. 花火

    June 8, 2019 at 6:37 pm

    Please excuse yourself from advice on China’s economy when there are pictures of you with a young woman in a Chinese hotel on the Internet. If you choose to be CCP’s mouth piece, please register as a foreign government agent.


  18. hayashi leo

    June 9, 2019 at 5:45 pm

    He was invited and dont let him speak, what the heck?


  19. evazheng2046

    June 10, 2019 at 5:25 pm

    Wise man. Why can't he be president?


  20. Rober tron

    August 25, 2019 at 1:33 pm

    I'm so glad Trump's standing up for America, we're always taking it with no lube and everyone is sick of it. Bring jobs and money home and make America great again


  21. Greiguci Wootchie

    August 28, 2019 at 8:41 am

    When Ray says jump, You say " How high Ray " Absolute legend of a man.


  22. Shiva Kumar

    November 24, 2019 at 4:52 pm

    The USA is still top-down within each small business, making it mostly middle out. There may be a need for more bottom-up and top-down for a more decentralized and locally and ecologically responsive economy.


  23. As Hq

    November 26, 2019 at 11:47 pm

    Liked this guy's catch. Heading to the last day.


  24. Georgia A

    December 2, 2019 at 10:21 pm

    Every one knows there is a problem, no one has the kahoonas to do something so we shall sleep walk into the next economic disaster that the young middle class will have to fight for as the oldies have too much to lose and the poor and too drugged


  25. Eric Rivera

    December 4, 2019 at 5:03 am

    Ray Dalio looks like Two-Face in the Thumbnail


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