US-China relations are 'on the brink of red lines' but war is still unlikely, says hedge fund legend Ray Dalio

• Hedge fund legend Ray Dalio said US-China relations are "on the brink of red lines."
• "Irreconcilable differences" between the two include Taiwan, their rivalry over chips, and geopolitics.
• Even so, Dalio said he doesn't think a war between the US and China is likely.

The US and China relationship is "on the brink of red lines" — but war is unlikely, said hedge fund legend Ray Dalio at the Greenwich Economic Forum on Tuesday, according to a Bloomberg recording.