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Roomba maker files for bankruptcy amid Trump tariffs, rising competition
The suburban Boston company behind the popular Roomba vacuum cleaner is declaring bankruptcy. iRobot announced that it filed for Chapter 11 bankruptcy protection in a news release on Sunday, Dec. 14.
Businesses in vulnerable sectors found themselves caught between rising tariffs and beleaguered consumers.
Tariffs, fuel prices and interest rates are squeezing American companies, particularly manufacturers, auto suppliers, retailers and transportation businesses.
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