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Home News Business

Most CFOs Plan to Pass On Tariff Costs: Gartner Survey

News Desk by News Desk
March 11, 2025

A recent survey by Gartner says that many Chief Financial Officers (CFOs) do not expect to cover most of the costs from new tariffs. In the survey, 59% of CFOs said their organizations would take on less than 10% of the extra tariff costs. However, 41% of them expect to take on about 49% of these costs.

“CFOs are strategically responding to new tariffs, focusing on cost management and supply chain adjustments to mitigate the financial impacts,” said Alexander Bant, Chief of Research in the Gartner Finance practice. “While a majority of CFOs are not expecting their organizations to absorb most tariff-related costs,  some do, likely indicating varying levels of price sensitivity among customers and suppliers for specific organizations.”

In terms of how they will deal with these costs, 30% of CFOs plan to pass on 91% to 100% of the tariff costs to customers, while 29% plan to pass on 10% or less. On average, they will pass on about 73% of the extra tariff costs.

Bant explained, “CFOs are looking at different ways to reduce the short-term effects of tariffs. This includes checking tariff classifications, using tariff exemptions, and improving how they handle imports to lower taxes.” He also mentioned that 45% of CFOs do not have immediate plans to change how they comply with tax and duty rules, which might mean they are missing easy ways to save money.

When it comes to financial planning, CFOs are focused on updating how they assess financial risks, improving their forecasting, and changing their pricing strategies. They often mention cutting costs and adjusting pricing as key actions.

CFOs also work with supply chain leaders to update risk assessments, find new suppliers, and renegotiate contracts with current suppliers. Many are reworking their supply chains, with 48% looking for new sources for components and raw materials and 41% reevaluating their supply chain designs. Bant added, “CFOs are using data and benchmarks to fine-tune their tariff response strategies. It is important to regularly update plans as trade conditions change to ensure companies stay strong and competitive.”

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Source: Gartner

Also Read: Your Data, Their Gold: The Silent Battle for Digital Freedom

News Desk

News Desk

by CXO VOICE team memebrs, [email protected]

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