Ray Dalio on Trump Trying to Restructure Trade: ‘It’s Got to Happen,’ You Can’t Be So Dependent on Imports from China

EXCERPT:

DALIO: “It's got to happen for a couple of reasons. First of all, it's one of the reasons we're also getting into a lot of debt, but partially it could also contribute to tax revenues, but also these imbalances are not sustainable. Not -- they're not sustainable not only because of the debt issue and the trade issue to make it more competitive, but you also have a situation of security. I mean, how can you be dependent on imports from China? We've come to a world now in which there is going to -- there must be much more self-sufficiency.”