Trump’s Tariffs Cause Major Losses for US Pension Funds

Major US pension funds are facing significant financial setbacks following President Trump’s recent announcement of global tariffs. According to a report by the Equable Institute, the top 25 state and local pension investment funds in the U.S. experienced an estimated $169 billion in paper losses from public stock investments over four trading days (April 3-8). The total losses for these funds have already reached nearly $249 billion this year, according to the report. The Equable Institute warns that the potential for even greater losses across the entire US public retirement system is high.