Steve’s Barking; Leverage bankruptcies

As I understand it, American companies have a record number of debt. Now interest rates were at a record low, but interest rates will be going up. Couple that with the price of goods and services from China being taxed( that’s what a tariff is) making those goods and services more expensive, if my calculations are right there should be a record number of bankruptcies. Bankruptcies should reduce the number of jobs in America. No China and Russia really doesn’t have to do a thing to hurt America, it’s doing it to its self.