<ul><li>Donald Trump’s re-election campaign has reignited one of his hallmark economic tools: tariffs.</li><li>Private equity firms and venture capital funds are recalibrating their models, mandates, and maps in response to the new tariffs.</li><li>Cross-border transactions now face 'tariff-adjusted' projections, resulting in lower multiples, more conservative debt structures, and increased reliance on domestic value creation.</li><li>Startups and investors are experiencing increased uncertainty and risk due to the tariffs, leading to adjustments in funding strategies and investment decisions.</li></ul>

How Trump’s New Tariffs Are Quietly Upending Venture Capital and Private Equity Around the World

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