As reported by Insurance Business, Allianz Trade’s latest Insolvency Report found that, although US tariffs have altered trade flows, they have not led to a surge in US insolvencies. Instead, large firms benefited as exporters moderated prices and goods were rerouted through countries such as India and Vietnam, while tariffs provided protection for US domestic firms from foreign competition. In early 2025, US insolvencies were about 4% lower due to tariff effects; however, rising input costs later outweighed those gains, leaving a net +4% increase for 2025 as a whole. Allianz Trade expects US insolvencies to rise by 9% by the end of 2025 as cost pressures and weaker demand persist, with a further ~4,500 potential bankruptcies if the AI-driven boom falters. To read Insurance Business’ article, go to https://www.insurancebusinessmag.com/us/news/breaking-news/global-insolvencies-to-peak-in-2026-amid-trade-shifts–allianz-553700.aspx.