President Trump lit the fuse on sweeping tariffs on April 2, which he called "Liberation Day." Ian Lee explains how import taxes on fireworks could affect America's 250th birthday celebration, next year.
BreakdownGenerated by LeadStory AI
- A Missouri fireworks retailer relies entirely on Chinese imports for its products. 21s
- Tariffs on Chinese goods directly increase costs for retailers and customers. 26s
- The American Pyrotechnics Association warns that the 30% tariff could close small businesses. 56s
- Some customers are buying fireworks early due to uncertainty over future tariffs. 1m 10s
- There are concerns that future national celebrations could be affected if tariffs remain. 1m 27s
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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.