DP World cautions on trade, posts 2.1 percent drop in first-half net profit | Reuters

DP World cautions on trade, posts 2.1 percent drop in first-half net profit | Reuters:

DP World DPW.DI, one of the world’s biggest port operators, posted a 2.1 percent drop in first-half net profit on Thursday, and cautioned about geopolitical risks and recent changes to trade policies.

U.S. President Donald Trump is taking a more aggressive, protectionist posture on trade than his recent predecessors, sparking retaliatory measures from other countries such as China.

“The near-term trade outlook remains uncertain with recent changes in trade policies and geopolitical headwinds in some regions continuing to pose uncertainty to the container market,” said the company’s chairman and chief executive, Sultan Ahmed bin Sulayem,.