Dalio: Trump's tariffs will lead to the collapse of the three major global orders.

Ray Dalio, founder of the world's largest hedge fund Bridgewater, recently stated that the market avalanche triggered by the Trump administration's comprehensive tariff increase last week has implications far deeper than the turmoil in the stock market. Dalio emphasized in his article that we are witnessing a textbook-level collapse: the collapse of the MMF system, the collapse of the political landscape, and the collapse of the global order. Such a level of collapse is something an ordinary person may only experience once in a lifetime. However, throughout history, whenever similar unsustainable situations accumulate to a critical point, the same script tends to repeat itself. Dalio bluntly stated that the era of U.S. unipolar dominance and command over the world has already come to an end. However, what has replaced the multilateral cooperation system is not a new order, but unilateralism in which "power is truth"—even though the USA remains the world's number one power, its "America First" policy is accelerating the disintegration of the existing international geopolitical order through trade wars, technological blockades, geopolitical pressure, and even military intervention. (CCTV News) Collapse.