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AAP

Jacob Shteyman

Don't be spooked by sliding super, funds warn members

Donald Trump Australia Tony Sycamore United States Jim Chalmers Economy Peter Dutton

Superannuation balances will take a hit as stock markets slide from the fallout of US trade tariffs. (Bianca De Marchi/AAP PHOTOS)

Donald Trump is "burning down a house to cook a steak" as local and international equity markets go into freefall in response to the US president's trade tariffs.

But superannuation funds are urging people to not panic if their balances slide.

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