ANALYSIS: Tariffs Put IPOs on Hold; Atkins Era Begins at SEC (2)

Tariffs have blown a hole in the IPO market, upending expectations for this year. Market watchers had expected 2025 to bring increased IPO activity with some big IPOs listing on the exchanges, but a trade war has spooked investors, leading to volatility that’s suppressing the pipeline of companies going public.

Tariffs Prioritized Over Supporting the Market

Although tariffs have always been a key item on President Trump’s economic agenda, the market underestimated the size of his tariffs and the expanse of countries that would be affected. The administration slapped 145% tariffs on China, levied up to 3,521% tariffs on Asian ...