The firework industry braces for the impact of Trump's tariffs amid U.S.-China trade tensions.
When the Trump administration announced plans to slap 25% tariffs on $300 billion in Chinese imports, a sense of panic settled over the firework industry. Companies, who rely on China’s pyrotechnic products, worried possible tariffs would darken skies around the country.
“They’re putting an immense amount of pressure on what is basically small businesses that have less than 25 employees,” said Pelkey, who joined hundreds of other business owners and executives at hearings last week urging the Trump administration to stop plans for additional tariffs. “These are three-, four-, five-generation family businesses that are struggling just to meet their financial needs throughout the course of the year.
Future firework spectacles are in dangerPelkey said one of the biggest nights for fireworks — the Fourth of July — could be in jeopardy if Trump increases tariffs. “You have fireworks that can come from other countries but nowhere near the quantities that are required to perform the Fourth of July in the United States,” Pelkey said.
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