Tariffs on fireworks may impact the 4th of July
Summary
Tariffs on fireworks imported from China might increase costs for the 4th of July celebrations in the United States. Most fireworks are affected by a new import tax of at least 30%.Key Facts
- Fireworks used in the U.S. are mostly made in China.
- An import tax, also called a tariff, of at least 30% now applies to these fireworks.
- The tariffs could lead to higher prices for fireworks.
- People celebrating the 4th of July may spend more money on fireworks.
- Tariffs are a type of tax that countries use on goods they bring in from other countries.
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