Trump's tariffs could have major ripple effects on startups and venture capital

SAUL LOEB/Getty, Peter Stark/Getty, Tyler Le/BI

• Trump's sweeping tariffs could hit tech startups hard.
• VCs expect rising costs and fundraising struggles for companies relying on offshore operations.
• Investors worry the tariffs could freeze exit markets as companies hope to IPO or get bought.

President Donald Trump's long-awaited tariffs have arrived — and the US markets are reeling.

The president debuted broad "Liberation Day" tariffs on Wednesday,...