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Bridgewater Associates founder Ray Dalio told the Fortune Global Forum in 2023 that the technology war between the U.S. and China "isn't going away." Dalio will join the 2025 Fortune Global Forum for a dynamic, invitation-only gathering in Riyadh, Saudi Arabia, on October 26–27, 2025.

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00:00The United States is exerting its various powers in that sort of way.
00:08And this, by the way, was very similar to prior to World War II.
00:12We embargoed oil.
00:14We prevented oil from going to Japan before, and we froze their assets.
00:20In the United States, as they're thinking, chips are like oil.
00:24So as there's that competition, that's certainly the case.
00:29It's a reality.
00:30It's that kind of struggle.
00:32And then there was a worry, would you get sanctions on the bonds that they own and so on.
00:37So it's that kind of war that's going away.
00:40No, the technology war isn't going away.
00:42And how far it passes will be constant tension in terms of the negotiation.
00:48So they're going to be constant tension in terms of the situation.
00:48So let's go.
00:49So let's go.
00:50So let's go.
00:50So let's go.
00:50So let's go.
00:50So let's go.
00:51So let's go.
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