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Fireworks supplier says tariffs forced company to eat millions

CBS America · Recent
CBS America
CBS America
Recent

With the Fourth of July comes sky-high demand for fireworks, but this year, soaring tariffs could dull the show. Elise Preston reports.

BreakdownGenerated by LeadStory AI
  • Fireworks demand remains high, but tariffs have increased costs for suppliers. 4s
  • Pyro Spectaculars, a family-run business, has had to absorb millions in added costs due to tariffs on Chinese imports. 1m 36s
  • Nearly all fireworks are manufactured in China, with no significant U.S. production capacity. 2m 7s
  • Tariffs are leading to higher prices for consumers purchasing fireworks. 1m 53s
  • Industry groups are lobbying for tariff exemptions to prevent disruptions to future celebrations. 2m 25s
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Global Tariffs

Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.