Plans for Klarna Group and StubHub Holdings to go public have been paused, as both companies delayed their debuts after far-reaching tariffs announced by President Donald Trump earlier this week sparked a broader market selloff.

Klarna and StubHub will hold back on their IPOs after the stock market collapsed over Trump’s sweeping tariffs. Both companies were scheduled to pitch to investors next week, but have put their roadshows on hold.

With the public stock markets in a free fall after President Trump announced sweeping tariffs, two of the tech industry’s highly anticipated IPOs are hitting pause, The Wall Street Journal reports: Klarna and StubHub.