The recent tariff announcements have caused significant disruptions in the dealmaking landscape. Major mergers and acquisitions (M&A) along with Initial Public Offerings (IPOs) worth billions have been stalled within 24 hours due to the ongoing trade war. Notably, Klarna has paused its planned IPO following concerns over the tariffs, while Affirm faces one of its worst weeks on record due to tariff-related worries. This turmoil has put a freeze on global M&A activities, creating uncertainty in financial markets.
— new from Axios