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Barclays CEO Warns of Impact From Trump, Clinton Views on Trade

  • Jes Staley sees parallels with Britain’s Brexit vote
  • Election rhetoric ‘questioning the vision of globalization’

Barclays Plc Chief Executive Officer Jes Staley said the candidates in the U.S. presidential race risk a “substantial impact” on the global economy with their skepticism toward free-trade agreements.

“Some of the narrative of the election in the United States is very much around questioning the vision of globalization and free trade as instruments of global policy,” Staley, 59, said at a banking conference in New York on Monday. “You see the position of both candidates with respect to the free-trade agreements, and that could have a very significant and substantial impact long-term on the global economy.’’