Oct 21, 2025
Global Insolvency Outlook 2026-27: Don't look down!
Trade rerouting and (energy) deflation have prevented tariffs from unleashing the wave of corporate insolvencies many feared. Since early 2025, the Trump administration’s sweeping import duties (11% effective rate in August; 14% likely by year-end) have reshaped global trade flows without triggering a surge in US insolvencies.