U.S. Pension Funds Face Significant Losses Following Tariff Announcement

According to BlockBeats, U.S. President Donald Trump's recent announcement of global tariffs has led to substantial financial losses for major pension funds. A report by the New York-based bipartisan nonprofit Equable Institute reveals that the top 25 state and local pension investment funds in the United States experienced approximately $169 billion in paper losses in public stocks over four trading days from April 3 to April 8. The report further indicates that these leading funds have incurred around $249 billion in losses so far this year. The organization warns that the total losses across the entire U.S. public retirement system could be significantly higher.