Tariff turmoil puts a freeze on global M&A dealmaking

(Reuters) - From
The additional U.S. tariffs, which range from 10% to 50%, announced on Wednesday sparked fears of a recession and spiraling trade war, reinforced by
Among the deals, Swedish fintech Klarna pulled its IPO, and
A
StubHub was set as recently as Thursday to start its investor roadshow next week for its already delayed IPO. But by the end of the day, executives decided to push those plans back for at least another week,
Israeli-based financial services company eToro also delayed investor presentations for its IPO on
"It will be very tricky to get any deal to the finish line as cost of debt is expected to go up and it will be harder to ascertain valuations of companies," a senior banker said.
If the trend continues, it could stifle companies' ability to raise funds and to invest, further slowing economic growth.
Even before Trump's latest tariff announcement, new U.S. tariffs and worries about trade contributed to a 13% decline in U.S. mergers and acquisitions in the first quarter, Dealogic data compiled for Reuters showed.
"It's not the tariffs, per se, that are the problem," said
The trade war has sent global markets spiraling, with the S&P 500 and other U.S. indices marking their worst losses since 2020 on Thursday and falling further on Friday after
The
'PIPELINE MORE CHALLENGING'
"We just couldn't pull the trigger... We just don't know how
At StubHub, executives plan to wait at least a week, maybe even after Easter, before attempting to pitch
"It's clear after last Wednesday night that the IPO pipeline has become more challenging," he told Reuters in an interview.
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