LeadStory

CBS America

Tariffs could spell trouble for fireworks shows

CBS America · New
CBS America
CBS America
New

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
Economy