China is beating the US in the trade war as the yuan makes international gains, Bridgewater's Ray Dalio says
China is pulling ahead in the trade war with the US, according to Bridgewater Associates co-chief investment officer Ray Dalio.
"China's winning the trade war if you just take the numbers – the percentage of world trade and dominance," Dalio said,The US-China trade war that began during the Trump administration hasn't abated under President Joe Biden. Meanwhile, US-China political tensions have been heating up in recent days after the US spotted and then shot down a Chinese spy balloon that was flying over the US, including nuclear weapons facilities.
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