Disaster or opportunity? European VC investors weigh in on Trump's tariffs

Verve Ventures co-founder Steffen Wagner, Lowina Lundström, CEO of InnoEnergy Scandinavia, Craig Douglas, partner at World Fund, and Jane Walerud, founder of Walerud Ventures. Photos: Press. Graphis: Diana Demin, Impact Loop.
3 Apr 2025
16:15
Donald Trump’s new tariffs will hit all European companies hard – including impact startups.

But could there be some positive side effects as well?

Impact Loop surveyed a number of major European VCs to get their take on how the US tariffs will impact investor appetite, supply chains and access to top talent.

"I think we should call a spade a spade, and these higher tariffs just make things more difficult for everybody," Steffen Wagner, co-founder of the European deeptech investor Verve Ventures, tells Impact Loop.

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