2025/04/30

A volatile world: how are Trump’s tariffs impacting cross-border M&A? What are the implications across Asia?

President Trump’s tariffs have injected new risk and complexity into the global M&A landscape. This has led to increased caution from investors, and a need for more sophisticated deal-making strategies.

As often during periods of market dislocation, the strongest, most agile and most alert market participants will benefit – while others may face considerable pain.

The situation is evolving rapidly and unpredictably. It seems rash to make definitive predictions today; that in itself will serve as a brake on M&A activity. And yet, some market participants will be driven to act, and acquire.

Here’s a breakdown of impacts to date, and preliminary advice for market participants on how to adapt and thrive. 


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