Retirees ‘stunned’ as market turmoil over tariffs shrinks their 401(k)s

Americans nearing retirement and recent retirees are feeling anxious and frustrated as market turmoil, sparked by President Trump’s tariffs, hits their 401(k)s. The decision to impose tariffs has led to fears of a global trade war, causing significant losses in the stock market. Many retirees are concerned about their financial stability and are cutting back on spending, as uncertainty looms over their future retirement funds.

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