Internet reported that Ray Dalio, the billionaire founder of one of the world's largest hedge funds, said on Sunday that the trade war launched by U.S. President Trump has brought the United States close to recession. "I think we are at a critical decision-making point right now and very close to recession." Dalio said the situation was "extremely damaging" and the impact of the tariffs was "like throwing a stone into the production system." He also expressed concerns about the possible combined impact of U.S. debt, U.S. budget deficits and global political tensions.