While US shares have rallied since the election, non-US stocks have stumbled as investors brace for the potential impact of a new trade war under Trump.

A stocks rally following Donald Trump's re-election lost steam Tuesday on worries of a possible trade war between China and the United States, analysts said.

European and Asian stock markets slid Tuesday on worries of a possible trade war between China and the United States when Donald Trump takes over as president, analysts said. Analysts are also expecting tariffs on European imports,