JPMorgan Sees Chance Tariff Threats Will Stoke Protective M&A

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?”

“CEOs, boards, management teams, they want to get ...