Kirkland and Freshfields hit $100bn for Q1 M&A as tariffs derail new year optimism

With financial markets reeling in response to the sweeping tariffs announced by US President Donald Trump, M&A partners are braced for yet another sustained period of upheaval – while also focusing on the positives.

‘Even though nobody knew precisely what was going to happen, and even though there was a known unknown, the fact that we have some specificity has now removed that known unknown,’ said White & Case UK public M&A practice head Patrick Sarch.’

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