Tariffs and Tech: How Geopolitics Is Changing Venture Capital

Tariffs and Tech: How Geopolitics Is Changing Venture Capital

On April 2, 2025, US President Donald Trump announced a sweeping package of tariffs, which he labeled “Liberation Day” measures. These tariffs disrupted longstanding expectations in international politics and global trade. While Trump did announce a 90-day pause on the full implementation, excluding China, which continued to be subject to a tariff of 145% — now 10% —, public markets reacted. Stock indices in the United States, China, Japan and I…