Hedge fund billionaire says US may face ‘worse than a recession' from Trump tariffs
1. Ray Dalio warns of potential economic crisis beyond recession. 2. U.S. trade policies, especially tariffs, cause global market turmoil. 3. Dalio urges Congress to reduce budget deficit to 3% of GDP. 4. Current U.S. economic state likened to the disruptive 1930s. 5. Experts suggest damage from tariffs may have lasting effects.