Ray Dalio, the founder of the world’s largest hedge fund, has suggested that the United States should come to an agreement with China regarding tariffs and focus on reducing the country's deficit to 3% of GDP. Dalio, who leads Bridgewater Associates, commended Trump for choosing to negotiate better ways to address trade imbalances rather than resorting to more severe measures. Trump recently announced a temporary reduction in tariffs imposed on several countries and increased pressure on China. This change in approach has been seen as a positive step by Dalio.