The tech M&A market faces uncertainty as new tariffs imposed by the Trump administration disrupt potential recovery. Following a promising start to 2025 with notable acquisitions, including Google's $32 billion purchase of Wiz, the market's optimism has been dampened. Experts warn that large public tech companies may hesitate to pursue acquisitions due to depressed valuations and tariff impacts. While some deals may still occur, particularly among well-capitalized startups, the outlook for M&A activity remains cautious as companies reassess their strategies amid fluctuating valuations and economic instability.