The FTSE 100 index of shares is on target for its worst week up to now 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 as we speak (7 March) that Chinese language imports collapsed 8.4% in January and February hasn’t helped the temper, doubtlessly reflecting producers’ fears over the affect of recent commerce wars.

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

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

Listed here are two I believe deserve severe consideration from savvy traders.

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 spot.

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

Smurfit sells cardboard containers and different packaging merchandise throughout the globe, and is an particularly massive participant throughout Europe and North America. Nevertheless it faces important headwinds if punishing commerce tariffs are available in to dampen client and enterprise spending.

On the plus aspect, its important publicity to defensive industries might 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 client items (FMCG) and foodservice clients.

What’s extra, its earnings outlook stays sturdy 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 believe it’s an incredible dip purchase to contemplate.

Scottish Mortgage Funding Belief

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

Tech trusts like this have fallen sharply as a result of cyclical nature of their holdings’ operations. However this isn’t the entire story. With massive holdings in SpaceX and Tesla, traders worry it may very well 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 web asset worth (NAV) per share. That is the widest it’s been for nearly a 12 months.

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 by the roof.