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Fortune
Fortune
Greg McKenna

VCs prepare for the fog of (trade) war

Donald Trump (Credit: Bonnie Cash/UPI/Bloomberg—Getty Images)

Good morning. Greg McKenna here pinch-hitting for Allie and Leo today. Venture investors have been licking their lips for a wave of deregulation and lower interest rates to unlock pent-up demand for exits and a boom in M&A.

What happens to those dreams—and the venture business broadly—in a trade war though? It's a question that's likely to become increasingly top-of-mind for anyone in the startup economy in coming months, as tariffs, counter tariffs, and other bellicose measures roil the waters of global trade.

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