"Liberation Day" has become "Freeze Day"! Tariffs lead to the lowest global merger and acquisition transaction volume in 20 years.

Wise Finance APP learned that after US President Trump announced retaliatory tariffs on April 2, bankers and CEOs of companies have ceased their merger activities, with fewer deals signed than even the darkest days of the COVID-19 pandemic and the 2008 global financial crisis. Data from Dealogic shows that the number of announced mergers in April has dropped to the lowest level in over 20 years. Mergers and acquisitions are an indicator used to measure the health of the global economy.