Trump’s Trade War Is Setting Up the Next Big Debt Default Wave

April 5, 2025, 3:17 PM UTC

Welcome to The Brink. Reporters in the US and Europe have been looking at the mayhem triggered by Donald Trump’s tariffs on corporate debt. We also have news on UK insolvencies, Italian-Thai Development and The Dolphin Company. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.

Rising Distress

Donald Trump’s global trade war is already priming financial markets for the next wave of corporate defaults. A Bloomberg News measure of distressed debt worldwide swelled the most in at least 15 months this week, sending more than $43 billion of bonds and loans to levels that make it ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.