The FTSE 100 index of shares is heading in the right direction for its worst week to date in 2025. Down 1.8%, it’s slumped as fears on potential ‘Trump tariffs’ — and the specter of retaliatory motion from the US’ commerce companions — steadily develop.

Information in the present day (7 March) that Chinese language imports collapsed 8.4% in January and February hasn’t helped the temper, doubtlessly reflecting producers’ fears over the influence of latest commerce wars.

President Trump’s resolution to delay some tariffs this week offers purpose for hope. However markets hate uncertainty, and extra volatility on the Footsie (and different main indexes) could be anticipated as blended alerts from Washington proceed.

However this shouldn’t trigger long-term buyers to panic. The Footie is up yr thus far and over 12 months. And I’m scouring the inventory market to any discover good bargains which were bought off within the panic.

Listed here are two I feel deserve severe consideration from savvy buyers.

Smurfit WestRock

Packaging producer Smurfit WestRock (LSE:SWR) is one which’s grabbed my consideration. At £36.26, its price-to-earnings (P/E) ratio has tumbled to 14.2 occasions for 2025 following current price weak point.

However what’s actually appetising is its rock-bottom price-to-earnings development (PEG) ratio of 0.2. Any studying beneath one signifies {that a} share is undervalued. Smurfit shares clearly fall properly beneath this threshold.

Smurfit sells cardboard bins and different packaging merchandise throughout the globe, and is an particularly giant participant throughout Europe and North America. However it faces vital headwinds if punishing commerce tariffs are available in to dampen shopper and enterprise spending.

On the plus facet, its vital publicity to defensive industries may assist restrict any turbulence. It sells product throughout every a part of the meals and drinks provide chain, and can be a key provider to fast-moving shopper items (FMCG) and foodservice prospects.

What’s extra, its earnings outlook stays strong over the long run. Main structural alternatives (like the expansion of e-commerce and rising markets development) exist. Moreover, its regular transition to offering sustainable merchandise places it extra in keeping with rising buyer wants.

With its ahead dividend yield additionally now peaking above the FTSE common (at 3.6%), I feel it’s an excellent dip purchase to think about.

Scottish Mortgage Funding Belief

The Scottish Mortgage Funding Belief (LSE:SMT) is one other blue-chip faller I feel deserves severe consideration.

Tech trusts like this have fallen sharply because of the cyclical nature of their holdings’ operations. However this isn’t the entire story. With giant holdings in SpaceX and Tesla, buyers concern it might be an oblique sufferer of the ‘Elon Musk trade’ (with those that don’t align to his political opinions shunning property and merchandise related to the billionaire).

These dangers deserve severe consideration. However I additionally consider they could be baked into Scottish Mortgage’s ultra-low valuation.

At 980.2p, it now trades at a 14% low cost to its internet asset worth (NAV) per share. That is the widest it’s been for nearly a yr.

I additionally consider that, on steadiness, the potential advantages of proudly owning Scottish Mortgage shares outweigh the dangers. Over a long-term horizon, I count on fast-growing tech sectors like synthetic intelligence (AI), cloud computing and robotics to drive earnings via the roof.