Little to save US stocks from continuing slide

WITH a cry of havoc, US President Donald Trump let loose the dogs of trade war, threatening to bury the 2019 stockmarket rally.

That rally was predicated on the belief that central bankers would keep the global economy ticking over long enough for the US and China to patch up the trade war.

Now, the war is spreading and the chances of a truce becomes more remote by the day, with new tariff attacks launched by both sides last Friday.