Shannon Pettypiece and J.J. McCorvey | NBC News
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President Donald Trump’s massive China tariffs are jeopardizing American fireworks shows, threatening to drive up prices and limit supplies.
U.S. fireworks wholesalers and distributors say they’ve been canceling shipments from China for this year’s July Fourth holiday. Some are also halting manufacturing in China of fireworks for next year’s celebrations of the 250th anniversary of America’s independence. Trump’s April 2 tariff rollout, which he dubbed “Liberation Day,” raised the effective import tax rate on nearly all Chinese goods to 145%, even...
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