Tariffs were a contributing factor to a significant surge in U.S. corporate bankruptcies in 2025, which reached their highest level since 2010. Over 717 companies filed for bankruptcy through November 2025, a 14% increase from 2024, with many citing tariffs as a primary cause.
In contrast to previous patterns that were dominated by retail
bankruptcies, this year’s impacted industries were primarily industrial, manufacturing and transportation.
First Brand, a 2.5 billion dollar company that provides parts to the auto industry.
iRobot, maker of Rhomba. Now owned by a Chinese company, Picea.
Spirit Airlines.
Wolfspeed, a 7.5 billion dollar company that makes semiconductors.
Ligado Networks. A telecommunications and satellite company. But with 7.5 billion dollars of debt, this one may have been in the works regardless.
2U, valued at 1.2 billion, builds and supports educational programs.
Tyson foods shuttering a beef processing plant in Nebraska. This was caused by other countries no longer accepting American beef due to tariffs on their products.
Osage and Justice, both beef processing, also "exited", cattle operations.
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