What Do Tariff Concerns Mean for CFOs' Outlooks?

June 25, 2025

Trade policy has been a central focus of financial markets during 2025, and it remains top of mind among financial decision-makers. When asked for the most pressing concerns facing their firms, nearly 40 percent of respondents to the Q2 CFO Survey cited tariffs or trade policy – compared to 30 percent last quarter. In both surveys, CFOs cited trade policy at least twice as often as any other concern. This quarter, we analyze the expectations of the tariff-affected firms (the 40 percent citing tariffs as a top concern) and compare them to non-tariff-affected firms (those that do not list tariffs as a top concern). Read more in Research & Commentary >

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