The president debuted broad “Liberation Day” tariffs on Wednesday, announcing a 10% baseline tariff on all countries, as well as higher tariffs of up to 50% on imported goods from specific countries. The Trump administration’s goal, as they put it, is to manage “highly unbalanced” trade deficits and bring manufacturing and supply chains back into the US.
But the tariffs have plenty of US-based investors and founders worried. The S&P 500 index fell more than 4% after Trump’s announcement, with some companies’ individual stocks tumbling far further.
Investors and founders told Business Insider the tariffs could have significant consequences for the tech industry, including for startups and venture capital — potentially raising the costs of doing business, stunting exit opportunities, and forcing startups to further tighten their belts.
Here are five ways Trump’s tariff policy could affect tech workers and startups.
