
VC firm Eclipse taps former Trump trade advisor to lead policy
The move comes as Eclipse, which focuses on backing startups serving the physical industry across advanced manufacturing and defense, seeks to strengthen its ties with a new administration expected to be tech-friendly. In an interview, Storch said he has seen more openness from the administration to work with the tech industry.
Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign up here.
"Obviously, in this administration, there's a number of people who now come from the tech world, so I think it's very natural that some of those conversations would come together," he said. Vice President JD Vance previously worked as a venture capitalist.
"I think that it gives a sense of optimism that they're rowing in the same direction, that when they go in for meetings with government, the atmosphere and the message is, how can we do things together productively, and not what are the things that are going to slow you down?" Storch said.
Storch, who has worked in both private and public sectors, will focus on explaining White House policies to portfolio companies and participating in policymaking conversations in Washington. Amid rising geopolitical competition, his pitch focuses on strengthening U.S. physical industries through collaboration between the private and public sectors, including deploying more energy and adopting advanced AI infrastructure.
Not every policy from the new administration would benefit tech companies. Tariffs, for example, could increase manufacturing costs for startups building physical products.
Storch, who worked on trade policy during Trump's first term, emphasized that tariffs were not just about trade policy but represented a broader approach to economic security, which could strengthen domestic manufacturing and protect critical industries.
Founded by Lior Susan in 2015, Eclipse's portfolio companies include chipmaker Cerebras, space startup True Anomaly, and Ursa Major.
The appointment highlights a growing trend of VC firms hiring policy experts as government involvement in technology sectors increases, particularly in areas deemed critical to national security and economic competitiveness. Firms like Andreessen Horowitz, known for its American Dynamism investment strategy, has established a major presence in DC.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Daily Mail
25 minutes ago
- Daily Mail
Morning Joe hosts' absence from show allegedly due to Trump merger
Morning Joe stars Mika Brzezinski and Joe Scarborough's absence from their hit show this summer hints at a secret war with MSNBC bosses over Donald Trump and upcoming merger, it is claimed. More than one third of the episodes broadcast since Memorial Day have been missing one of the husband-and-wife hosts. Mediaite writer Colby Hall has multiple theories as to what is going on. He speculated that the power couple's absence may be icy cold revenge for MSNBC taking their show off the air in the wake of a July 2024 assassination attempt on Donald Trump. Hall said the decision - taken to try and avoid a huge gaffe by the anti-MAGA pair after the president was almost killed - may have 'widened' an existing rift between them and MSNBC bossts. Brezezinski and Scarborough may also be exploiting their power to 'leverage their stature within the network,' Hall believes, while also conceding the three hour daily show is likely tiring. 'But it's hard to ignore the timing,' Hall added 'With MSNBC's realignment on the horizon and talent contracts under review, Joe and Mika's extended absences feel like a flex - a reminder that Morning Joe doesn't work without them,' Hall stated. MSNBC is currently preparing to split from NBCUniversal to become part of an entirely new company, Versant, made up of other Comcast channels. The piece also pointed out pair have been missing many shows despite the pace of political news coming out of Washington, DC . Of the 49 Morning Joe episodes that have aired since May 26, Brzezinski has been away for 26 while Scarborough has been absent for 18. 'Most of their peers, Rachel Maddow aside, still show up five days a week,' Mediaite reported. 'Joe and Mika may be relaxing poolside, and fair enough,' the report concludes. 'But their absence sends a message. The only question now is whether MSNBC is listening - and how they plan to respond.' Hall said the Morning Joe stand-ins have failed to deliver 'fire-and-ice dynamic' that their viewers enjoy. Moreover, 'their absence sends a message,' Hall wrote at a point. 'When stars act like they own the show, it's often because they do - and they know it,' he said. He added how 'it's hard to ignore the timing' of the two's absence given MSNBC currently being in the process of weighing contracts - and their worth - for MSNBC's realignment. Morning Joe was first broadcast in 2007 and quickly became a hit with MSNBC viewers. Brzezinski, a liberal, and conservative Scarborough became vocally anti-Trump during the president's first term in office.


Reuters
an hour ago
- Reuters
Trump threatens to raise tariffs on goods from India over Russian oil purchases
WASHINGTON, Aug 4 (Reuters) - Donald Trump said on Monday he will substantially raise tariffs on goods from India over its Russian oil purchases, while New Delhi said it would take measures to safeguard its interests and called its targeting by the U.S. president "unjustified." Trump said last week Washington was still negotiating with India on trade after announcing the U.S. would impose a 25% tariff on goods imported from the country starting last Friday. India has faced pressure from the West, including the U.S., to distance itself from Moscow after Russia invaded Ukraine in early 2022. New Delhi has resisted that pressure, citing its longstanding ties with Russia and economic needs, opens new tab. "India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits. They don't care how many people in Ukraine are being killed by the Russian War Machine," Trump said in a post on Truth Social. "Because of this, I will be substantially raising the Tariff paid by India to the USA." He did not elaborate on what the tariff would be. Over the weekend, two Indian government sources told Reuters that India will keep purchasing oil from Russia despite Trump's threats. The sources did not wish to be identified due to the sensitivity of the matter. Washington has cited geopolitical disagreements with India to explain why it has not yet been able to reach a trade deal with New Delhi. Other than India's ties with Russia, Trump has cast the BRICS group of developing nations - of which India is a key part - as hostile to the U.S. Those nations have dismissed that accusation, saying the group promotes the interests of its members and of developing countries at large. A spokesperson for India's foreign ministry said India will "take all necessary measures to safeguard its national interests and economic security." "In this background, the targeting of India is unjustified and unreasonable," the spokesperson added. India began importing oil from Russia because traditional supplies were diverted to Europe after the outbreak of the Ukraine conflict, the Indian statement said. The spokesperson said India's imports were meant to ensure affordable energy costs for Indian consumers and were a "necessity compelled by global market situation." The statement also noted the West's, particularly the European Union's, bilateral trade with Russia: "It is revealing that the very nations criticizing India are themselves indulging in trade with Russia." India also has been frustrated by Trump repeatedly taking credit for an India-Pakistan ceasefire that he announced on social media on May 10. The ceasefire halted days of hostilities between the nuclear-armed Asian neighbors. India's position has been that New Delhi and Islamabad must resolve their issues directly without outside involvement. Trump has reached a trade deal with Pakistan.


Reuters
an hour ago
- Reuters
Brazil chooses local relief over retaliation for US tariffs, sources say
BRASILIA, Aug 4 (Reuters) - Brazil's government has set aside for now plans for direct retaliation against steep U.S. tariffs taking effect this week, focusing instead on a relief package for industries hit hardest by the levies, sources familiar with the strategy said. Wide-ranging exemptions granted in U.S. President Donald Trump's executive order last week spared some of the most vulnerable sectors of Latin America's largest economy, to the relief of many investors and business leaders. That has left Brasilia cautious about responding to Trump with reciprocal tariffs or other retaliation that could escalate tensions, said government officials, who requested anonymity to discuss confidential deliberations. Talks with Washington are likely to be slow and complex, said one of the sources, so Brazil's government is prioritizing immediate relief for exporters, such as through public credit lines and other support for export finance. Another official said the government is studying potential responses to the tariffs that would affect U.S. companies, but sees them as a last resort if negotiations fail. Those potential countermeasures, now under review, could include suspension of royalty payments for pharmaceutical patents and media copyrights, two sources said. The government had also signaled last year that it was preparing a new tax that could affect big U.S. tech companies, but shelved the plan this year to avoid antagonizing Trump ahead of his April tariff announcement. At the time, Brazil was saddled with a 10% tariff, among the lowest in the world, which many credited to a longstanding U.S. trade surplus with Brazil. Trump then tied a steeper 50% tariff in July to what he called a political "witch hunt" against former President Jair Bolsonaro, a right-wing ally on trial for an alleged coup plot to overturn his 2022 election loss. Brazilian President Luiz Inacio Lula da Silva initially said he would respond under the country's Economic Reciprocity Law, passed by Congress to provide legal grounds for countermeasures against trade sanctions, fueling speculation about retaliation. Talk of reciprocal action has since faded, even as Lula criticizes Trump's rationale for the tariff hike, defending the independence of Brazil's judiciary and insisting any negotiations should remain strictly focused on trade. U.S. tariff exemptions granted last week for Brazil's aviation, energy and mining industries were taken in Brasilia as evidence that patient diplomacy and lobbying by affected U.S. companies seeking relief was the best way to get results in Washington. Brazil also said it plans to file a formal complaint at the World Trade Organization over the tariffs, even though that dispute settlement system has been stalled since the first Trump administration. "You still need to go through the available channels," one Brazilian official said, while acknowledging that a resolution is unlikely under the current state of the WTO. More immediately, the government is fine-tuning measures to shield sectors most hurt by the U.S. tariffs set to take effect on Wednesday, extending financial relief to companies already facing canceled contracts. Officials have said the package will likely include credit lines and possible tweaks to the export credit insurance and export financing mechanisms, according to one of the sources. Finance Minister Fernando Haddad, who said relief measures could begin rolling out this week, on Friday said the government was never committed to retaliating against Washington. "We never used that verb to characterize the actions the Brazilian government will take," he said. "These are actions to protect sovereignty, to protect our industry, our agribusiness, our agriculture," he told reporters. "That word (retaliation) was not present in the president's speech, nor in any minister's."