1. United States
2. Ala.
3. Letter

The proposed tariffs risk significant financial losses for pensioners and retirees. As CEO of the Retirement Systems of Alabama, David Bronner warns that Trump's tariffs have already cost the state's multi-billion dollar pension funds over $1 billion in a single day. Stable markets are crucial for ensuring these funds can meet their obligations to over 400,000 education and government retirees who rely on them. While the intent may be to promote domestic manufacturing, the tariffs will raise consumer costs for years before any potential benefits materialize. Given the severe impacts on Alabama's retirement systems and broader economy, I urge reconsideration of this economically disruptive policy in favor of more targeted, measured approaches that do not jeopardize the financial security of our state's retirees.