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.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Iran is blowing up ships in the Gulf, says AmericaHow will the Trump administration respond?
Read more »
Uber loses bid for U.S. tariff relief on Chinese-made e-bikeThe U.S. Trade Representative's Office rejected Uber Technologies Inc'...
Read more »
U.S. denies Tesla, GM, Uber 25% Chinese tariff reliefThe Trump administration is expanding efforts to block the use of Chinese techno...
Read more »
US 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.'
Read more »
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 ...
Read more »
Uber, Bird loses bid for U.S. tariff relief on Chinese-made bikes, scootersThe U.S. Trade Representative's Office rejected Uber Technologies Inc'...
Read more »