"What worries me is he promised many times that he is going to have trade wars with China, Mexico, Korea and Japan. I believed him," Rogers said in a recent interview.
"If Trump starts a trade war we should sell everything we own," he said. "Everybody is going to be badly affected."
"Trump said he is going to cut taxes and build infrastructure. Where is the money coming from? Mortgages are soon going to fall from the sky," he said. "U.S. markets are going to stay higher for a while. But the higher they go the worse it is going to be. When the bubble ends, it is going to be worse. Trump is not doing anything about it at all."
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.