Looking forward to July 4 fireworks? Tariffs may take the spark out of your fun
Summary
Fireworks for the Fourth of July in the U.S. might cost more and be harder to find because of new tariffs on goods from China. Most fireworks in the U.S. come from China, and now they face extra taxes, which has led some importers to stop shipping fireworks altogether.Key Facts
- Most fireworks in the U.S. are made in China.
- Fireworks imported from China now have tariffs of at least 30%.
- 99% of consumer fireworks and 90% of professional display fireworks in the U.S. come from China.
- Tariffs have led to higher prices and potential shortages of fireworks in the U.S.
- Some U.S. companies had extra fireworks before tariffs were applied, but they still faced price changes.
- Next year's Fourth of July is expected to be important because it marks the 250th anniversary of the U.S.
- Tariffs could rise back to 145% if no trade deal with China is made, affecting future imports and displays.
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