Tariff Threats May Stoke Protective M&A, JPMorgan’s Lysaght Says

The threat of more global trade tariffs could push companies into deals to shield themselves, according to one of JPMorgan Chase & Co.’s top bankers.

“Those will provide a catalyst for M&A, in the sense that you’re going to have to get ahead of some of these,” Dwayne Lysaght, co-head of mergers and acquisitions in Europe, the Middle East and Africa, said in a Bloomberg TV interview Friday. “Do you need to move, for example, or seek production outside of Europe? Do you need to put more in the US?”