The Chinese tariff fight could blow up America’s Fourth of July fireworks tradition

Brasil Notícia Notícia

The Chinese tariff fight could blow up America’s Fourth of July fireworks tradition
Brasil Últimas Notícias,Brasil Manchetes
  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 97%

President Donald Trump has generated all sorts of political fireworks in his trade dispute with China, but another round of tariffs could snuff out real fireworks in the process

.

Weeks ahead of July Fourth — a date synonymous with fireworks since the 1770’s — Heckman said this season’s displays will not be affected. But if Trump lights the fuse on more tariffs, she said the industry could start feeling the burn as soon as Labor Day and definitely by New Year’s Eve, when shows light up some city skylines.

Ninety-nine percent of backyard fireworks, like sparklers, cone fountain fireworks and firecrackers, come from China and 75% of professional-grade display fireworks come from the country, Heckman said. America’s fireworks industry imports 270 million pounds of fireworks from China and makes around $1.3 billion in annual revenue, she noted.

Bellino Fireworks has 200 temporary summer locations and needs summer help to staff them. Public school teachers often make up about half the temporary staff — and it’s no secret many teachers need the extra cash. Consumers buy an average of $55 in fireworks from the business, Bellino said. Even if average purchase amounts stay the same, Bellino said they’d be buying less, meaning smaller inventories and fewer staff.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

MarketWatch /  🏆 3. in US

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Iran is blowing up ships in the Gulf, says AmericaIran is blowing up ships in the Gulf, says AmericaHow will the Trump administration respond?
Consulte Mais informação »

Uber loses bid for U.S. tariff relief on Chinese-made e-bikeUber loses bid for U.S. tariff relief on Chinese-made e-bikeThe U.S. Trade Representative's Office rejected Uber Technologies Inc'...
Consulte Mais informação »

U.S. denies Tesla, GM, Uber 25% Chinese tariff reliefU.S. denies Tesla, GM, Uber 25% Chinese tariff reliefThe Trump administration is expanding efforts to block the use of Chinese techno...
Consulte Mais informação »

US reportedly denies Tesla's request to waive tariffs on Chinese-made Model 3 partsUS reportedly denies Tesla's request to waive tariffs on Chinese-made Model 3 partsHoward Marks is worried to hear investors say 'this time it's different' or openly wonder if the bull market 'can only get better forever.'
Consulte Mais informação »

U.S. denies Tesla tariff relief request for Chinese-made Model 3 'brain'U.S. denies Tesla tariff relief request for Chinese-made Model 3 'brain'The Trump administration has denied requests to exempt Tesla Inc's Model 3 ...
Consulte Mais informação »

Uber, Bird loses bid for U.S. tariff relief on Chinese-made bikes, scootersUber, Bird loses bid for U.S. tariff relief on Chinese-made bikes, scootersThe U.S. Trade Representative's Office rejected Uber Technologies Inc'...
Consulte Mais informação »



Render Time: 2025-04-12 09:42:14