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CNBC Finance · Jan 20, 2026 2:52 PM EST Geopolitics

Ray Dalio warns that 'capital wars' could follow Trump's actions, with countries dumping U.S. assets

Dalio said history offers multiple examples of similar episodes in which economic conflict escalated beyond trade into capital flows and currency disputes.

Ray Dalio warns that 'capital wars' could follow Trump's actions, with countries dumping U.S. assets
Image CNBC Finance

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