Corporate bankruptcies surged in 2025, rivaling levels not seen since the immediate aftermath of the Great Recession, as import-dependent businesses absorbed the highest tariffs in decades.
At least 717 companies filed for bankruptcy through November, according to data from S&P Global Market Intelligence. That’s roughly 14 percent more than the same 11 months of 2024, and the highest tally since 2010. ...
More.
Trump likes to trumpet the billion$ he's collecting in tariffs, but there is no single report which calculates the hundreds of billion$ these bankruptcies must cost the economy over time.
