Fireworks, a hallmark of July 4th celebrations, are feeling the impact of President Trump's trade war with China. CBS News correspondent Ian Lee spoke to a Missouri fireworks distributor about the issue.
BreakdownGenerated by LeadStory AI
- Nearly all consumer fireworks in the US are imported from China. 16s
- Tariffs on Chinese imports are causing uncertainty for US fireworks distributors. 25s
- Distributors face reduced profit margins and may pass some costs to customers. 1m 13s
- The American Pyrotechnics Association warns the 30% tariff could close small businesses. 1m 48s
- Some customers are buying early due to concerns about future tariff impacts. 2m 2s