Ray Dalio warns that tariffs mark a tipping point for the global economy, and could spark an entirely unnecessary reorganization of the world order.

Billionaire and Bridgewater Associates founder Ray Dalio said President Donald Trump’s tariffs are a symptom of a much bigger problem. The U.S. has chosen to go on a warpath with trading partners by imposing varied tariff rates,

Trump's tariff offensive on the world has triggered global market turmoil in recent weeks, raising fears of an economic downturn. Last week, Trump declared a 90-day pause on all "reciprocal" tariffs, except those imposed on China, which increased to at least 145 per cent.