America is in debt of 3,071 trillion rupees!
America’s economy is struggling with double crisis these days. On the one hand, the country’s debt has reached a dangerous level of $ 37 trillion, on the other hand big companies are becoming increasingly bankrupt. President Donald Trump has imposed reciperook tariffs on many countries to reduce the debt burden. He claims that this will increase the government’s earnings and will reduce the mountain of debt. But the question is whether this strategy is really effective? Because in the last six months, 371 big companies have become bankrupt in the US, which is the largest number in the last 15 years.
Companies’ condition crispy
In the last six months, the process of bankruptcy of companies in America is not taking the name of stopping. In June this year, 63 companies applied for Bankruptcy, while in May the figure was 64. This year the industrial sector has suffered the most loss, where 58 companies chose the path of bankruptcy. Apart from this, 50 companies are from consumer desirery and 27 companies from healthcare sector. If we talk about last year, 335 companies were bankrupt in the first half of 2024, while this year the number increased to 371. Earlier in 2010, 468 companies were pauper in the first half.
US President Donald Trump
Most of the most bankers in 14 years
Last year i.e. in 2024, 688 big companies were bankrupt in the whole year, which was the highest in 14 years. Prior to that in 2010, 828 companies were victims of this crisis. Surprisingly, all this is happening when America’s economy is performing strong. President Trump is raising the slogan of ‘Make in America’, but seeing the condition of the companies, it seems that this policy is not becoming as effective. 324 in 2023 and 176 companies in 2022 were bankrupt, but this year’s figure is leaving all of them behind.
Tariff’s bet playing trump
President Trump believes that the recipe rockes will ban foreign imports and American companies will benefit. This will earn more through tax to the government, which will help reduce the loan of $ 37 trillion. But experts say that due to the tariff, the cost burden on many companies is increasing, due to which their condition is getting worse. Especially the companies of industrial and consumer desiration sector are facing it.
Trump’s slogan of ‘Make America Great Again’ may be excited, but in reality companies are sinking one after the other. Economists say that the policy of promoting tariffs and domestic production has led to some benefit, but its effect is on a small level. Large -scale companies are dying under cost and competition pressure. In the healthcare sector, the bankruptcy of 27 companies is a matter of concern.