At the start of the year, Tom Drummond, managing partner at the San Francisco-based venture capital firm Heavybit, was feeling mildly anxious about the state of the world and how political volatility in the US might affect capital markets. Now? “No one knows what the hell is going on,” he tells WIRED.Drummond was referring to President Donald Trump’s so-called reciprocal tariffs, which sent global markets into a tailspin when they were announced on April 2. Trump later backpedaled, pausing impor...