Ray Dalio says tariffs have an important consequence: They can prepare the US for a great conflict or war

Source: Business Insider

Dalio, the founder of Bridgewater Associates, has long said that he believes the world is moving toward great power conflict. Dia Dipasupil/Getty ImagesTariffs can help the US prepare for conflict since they can lower foreign reliance, Ray Dalio says. Dalio wrote on Wednesday that such taxes are "necessary" in times of an international power struggle.