<ul><li>Merger and acquisition (M&A) volume in the first quarter rose 12.6% year over year to $984.4 billion, thanks to the three large Chinese state-run deals in the Asia-Pacific region.</li><li>However, global bankers are scaling back deals and experiencing lower revenues, with US M&A volume falling 13% to $436.6 billion in the first quarter.</li><li>Protracted trade war makes IPOs less attractive in the future, resulting in a decline in offerings by 17.7% to 1,065.</li><li>The uncertainty caused by geopolitical tensions, fluctuating tariffs, and economic unpredictability is impacting dealmaking, leading to tepid activity in the market.</li></ul>

Trump’s Tariff Tactics Yield Tepid Dealmaking Activity

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