Half Year Results 

Glencore warns of US trade policy threat

Glencore warns of US trade policy threat

Glencore (GLEN) shareholders are probably sick of America by now. If July’s subpoena from the US Department of Justice wasn’t concerning enough in isolation, investors in the mining giant now face the prospect of the world’s economic sheriff turning bandit. In his half-year summary of commodities markets, chief executive Ivan Glasenberg spoke of “the heightened risk of more aggressive US trade policies” alongside a stronger US dollar, as the pre-eminent threats to Glencore’s specialist subjects – risk assets and emerging markets.

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