34% of multinationals believe that additional trade tariffs would significantly affect their business, while 57% say the impact would be moderate.

The Deloitte 2025 Global Tax Policy Survey shows that almost a third of multinational companies fear the impact of additional trade tariffs. The measures could cause 30% to raise prices and 16% to consider relocating production. Top concerns include tax transparency, digitization of tax systems and sustainability. The uncertainty of international tax rules is also a major challenge for companies, which need to adapt quickly to changes.