> The Trumb economy: business bankruptcies up 14% year over year, worst since the Great Recession.

Corporate bankruptcies are reaching levels not seen since the Great Recession — with inflation, high interest rates and punishing tariffs pushing hundreds of companies over the edge in 2025, according to a new report.

At least 717 US companies filed for bankruptcy through November, according to S&P Global Market Intelligence, a 14% jump from the same period last year and the highest total since 2010.

Among large-scale companies that went belly-up this past year were pharmacy chain Rite Aid, the genetics testing firm 23andMe, fast-casual dining spot Hooters and no-frills carrier Spirit Airlines.

The surge in bankruptcies is being driven by a toxic mix of stubborn cost pressures, tight credit and President Trump’s aggressive trade policies, which have driven up the price of imported materials and scrambled global supply chains

Unlike past cycles, the pain is hitting industrial companies hardest, the Washington Post noted.

Manufacturers, construction firms and transportation providers now account for the largest share of new filings — a stark reversal from recent years when consumer retailers dominated bankruptcy courts.

Federal data show the manufacturing sector shed more than 70,000 jobs in the year ending in November, even as Trump has argued his tariff strategy would revive domestic production.

https://nypost.com/2025/12/29/business/ … last-year/ [Questionable Source (Bagz)]