Reported about 23 hours ago
U.S. President Donald Trump's new tariffs have triggered a global sell-off in equities, leading to a significant slowdown in mergers and acquisitions (M&A) and initial public offerings (IPOs). Companies like Klarna and Chime have pulled back on their offerings, while a London private equity firm abandoned a deal due to the uncertainty created by these tariffs. The situation has raised concerns over potential recessions and has made financing and valuations more difficult, prompting most firms to delay major investment decisions until market conditions stabilize.
Source: YAHOO