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Ray Dalio Says Trade War With China Is Underway

(Bloomberg) President Donald Trump’s threat to impose tariffs on every Chinese import into the U.S. sparked a reaction from billionaire Ray Dalio, founder of the hedge fund giant Bridgewater Associates. “Today is the first day of the war with China,” Dalio said on Twitter, employing a military metaphor for a conflict that is playing out only in politics and global trade.

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