Tariffs Propel U.S. Bankruptcies to 15-Year High in 2025
In 2025, the United States witnessed a significant rise in corporate bankruptcies, reaching levels not observed since the Great Recession. This trend was largely attributed to the burden of high tariffs impacting import-dependent businesses.
Plastic Tariff Impacts on Businesses
According to S&P Global Market Intelligence, at least 717 companies declared bankruptcy by November 2025. This represents a 14% increase compared to the same period in 2024. The number of bankruptcies is the highest it has been since 2010.
Bankruptcy Statistics for 2025
- Total Bankruptcies: 717 companies
- Increase from 2024: 14%
- Last comparable level: 2010
The increase in bankruptcies emphasizes the ongoing strain on businesses that rely heavily on imports. As tariffs continue to rise, many companies find it increasingly challenging to maintain profitability.
Economic Implications
This surge in bankruptcies raises concerns about the broader economic implications. Many sectors may face significant disruptions, affecting employment and supply chains. Moreover, this trend could lead to increased scrutiny of tariff policies and their long-term impact on the economy.
The current state of corporate bankruptcies prompts stakeholders to reassess strategies and seek solutions to navigate these challenging economic waters.
