As tariffs pummel stock prices, venture investors anxiously wait for the impact on consumer spending

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President Donald Trump holds up a transcript of a 2025 National Trade Estimate Report

President Donald Trump holds up a transcript of a 2025 National Trade Estimate Report arsenic helium speaks during a “Make America Wealthy Again” commercialized announcement lawsuit successful the Rose Garden astatine the White House connected April 2, 2025.

Chip Somodevilla—Getty Images

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