Hedge fund billionaire Paul Tudor Jones believes the market is underestimating the economic impact of tariffs.
"We'll really have to see the impact they are going to have and if the next round of tariffs gets implemented. It's a huge deal. I would say if they get implemented and we go to the $500 billion, I think certainly it's possible it could tip us into recession," Tudor Jones said in an interview on Bloomberg TV on Wednesday.
"We haven't seen anything like this in 75 years right? ...There's no playbook for this. You got this interconnected global economy that now all of a sudden for the first time in 75 years we are seeing free trade not being expanded but being diminished...I think it would have a bigger impact economically than what the market thinks," he added.if a trade agreement is not reached soon. The U.S. increased tariffs last month on $200 billion worth of goods the U.S.
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