After Tariff Shock, U.S. Retirement Fund Loses $169 Billion

BlockBeats News, April 11th: After Trump announced tariffs, the top 25 states and local pension funds in the U.S. suffered an estimated $169 billion in paper losses in publicly traded stocks. A report from the bipartisan non-profit organization Equable Institute, based in New York, showed that these pension funds experienced losses in the four trading days from April 3rd to April 8th following Trump's announcement of global tariffs. The organization stated that so far this year, top funds have lost around $249 billion. The organization indicated that the total losses for the entire U.S. public retirement system could be "significantly higher." (Jinse)