Ray Dalio has warned the US-China trade war could be entering a new stage. America's blacklisting of Huawei and China's threats to cut off US supplies of rare-earth metals could transform the "tariff war" into an "export embargo war," the billionaire cochairman of Bridgewater Associates wrote in a LinkedIn post. "The US shutting off supplies to Huawei appears to be a step forward by the United States in weaponizing export controls," Dalio said, referring to the Trump administration's decision to ban trade with Huawei due to espionage concerns. The ban has been temporarily relaxed to enable some US companies to ... (full story)