Also in today’s newsletter, how Ray Dalio is thinking about the election
Good morning and happy Thursday! Today we’re chatting about: The 2024 election battle has a new front: tariffs. Joe Biden and Donald Trump are racing to prove who is tougher on US trade with China, and thus who is the fiercer defender of working class jobs. As the president announced on Tuesday that he would slap new tariffs on $18bn worth of Chinese goods, he was probably hoping that voters in the Rust Belt swing states of Pennsylvania, Michigan and Wisconsin were paying close attention .
Ray Dalio, the billionaire founder of hedge fund Bridgewater Associates, thinks this is the most important US presidential election in his lifetime.
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