Labor Fund Hit Hard by Trump Tariff War, March Losses Reach NT$171.6 Billion

According to the Labor Fund Bureau, as of the end of March 2025, the scale of the labor fund was NT$7.2358 trillion, with a cumulative deficit of NT$348.2 billion, and a loss of NT$171.6 billion for the month of March alone. The equal tariff measures introduced by President Trump have caused significant turmoil in global financial markets, leading to sharp declines in both stock and bond markets.
Despite stable employment and inflation figures from the U.S. in March, the ongoing trade war has raised market concerns over stagflation in the U.S. economy. Investor confidence has waned, further impacting the investment atmosphere in international financial markets. On March 31st, the Taiwan Stock Exchange dropped more than 900 points due to the new tariff policy, spreading panic among investors and significantly affecting market performance.
The Fund Bureau noted that the new labor pension fund currently stands at NT$4.7946 trillion with a return rate of -0.74%; while the old labor pension fund is NT$1.0802 trillion with a return rate of -1.88%. The Bureau suggests that continuous attention should be paid to the evolving U.S. tariff policy as it could pose further risks to the financial market.