诺顿罗氏&Mergermarket：2025年全球并购趋势与风险报告（英文版）

New era of volatility unsettles dealmakers When surveyed in Q1, most respondents (53 percent)expected their own organization's appetite for M&A toincrease in 2025 compared to last year. However, themarket turmoil caused by"reciprocal tariff" announcementsimpacted sentiment negatively. In response to a follow-upquestion on this subject, over two-thirds of respondentssaid the escalation in trade tensions had caused theirappetite for M&A to decrease. In addition, dealmakers