Ray Dalio, the founder of Bridgewater Associates, consistently emphasizes his belief that the world is heading towards significant power conflicts. He mentioned that tariffs could play a role in the US gearing up for potential conflicts by diminishing reliance on foreign sources. Dalio asserted that during periods of international power struggles, such measures like tariffs become crucial. He clarified that tariffs are not just about generating tax revenue but also about fortifying economies in anticipation of conflict and war. Dalio highlighted that imposing tariffs could aid in reducing dependence on foreign supply chains, which is crucial during times of global geopolitical tensions. He explained that tariffs can help in decreasing dependencies on foreign production and capital, making local companies less efficient but more resilient in times of global instability. Although Dalio's discussion on tariffs was not specifically linked to the Trump administration's policy, he emphasized the general effects and reasons for governments to implement such strategies. Moreover, he underscored his persistent warning about the escalating risks of international conflicts and emphasized the urgency of addressing the US government's mounting debt crisis, which he believes is unsustainable on various fronts: monetary, economic, and geopolitical.