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Investing.com -- Billionaire investor Paul Tudor Jones anticipates that even if President Donald Trump reduces China tariffs by 50%, the stock market could still reach new lows. Jones, the founder of Tudor Investment Corp., communicated his views during a CNBC interview on Tuesday.

Jones, who is confident that Trump will cut the current tariffs on Chinese imports, which are as high as 145%, by half, referred to the levies as "the largest tax increase since the ’60s". He warned that without a rate cut from the US Federal Reserve, the stock market is likely to hit new lows.

Jones suggested that if the stock market falls significantly, it would likely prompt action from both the Fed and Trump. He praised Trump’s initiative "to correct the trade imbalance" as a good idea, but suggested the implementation could have been more precise. In Jones’ perspective, the use of tariffs in a more measured manner would have been more beneficial.

Jones, a macro trader who rose to fame after profiting from the 1987 stock market crash, expressed his concern that the current macroeconomic conditions continue to worsen. 

This content was originally published on http://Investing.com