The president of the Sky King fireworks Group, OEO Vanoudenhov, discusses the fireworks industry and the impact of inflation.
With their almost total suspension of Chinese imports, US fireworks companies landed square in the president’s compartments Donald TrumpTrade War with Beijing.
China produces 99% of fireworks that enjoys the yards and about 90% of the occupational screens that blind sky around the world.
The American fireworks industry warns that 30% Tariff Imposed by the Trump administration for Chinese imports, it can use preparations for the 250th birthday of the nation next year.
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In April, the tariff rate rose to 145% for fireworks like Washington and Beijing escalated trade threats. Next month, Trump paused a 90 -day break, reducing the tariff to 30%. That temporary return is scheduled to expire on July 9.
Fireworks goes beyond the memorial -Lincoln’s monument, Washington’s monument and US Capitol building during Arlington’s Independence Day, Virginia, July 4, 2024. (Celal Gunes/Anadolu through Getty Images)
“The current rate remains excessively high and unpredictable,” said Ieuli Hackman, CEO of the American Pyrotechnics Association for Fox Business. “Will the 30% tariff stay in place or will it potentially return to the triple digits?”
Jackman explained that the fireworks industry usually places orders several months in advance to take into account the fasteners in the supply chain complex in industry and security. Fireworks require more modes of transport – ships, trains and trucks – with security inspections and regulatory checks at every turn.
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“Small businesses ordered products at a cost, when the product was ready for delivery, it was subject to an unexpected tariff of 20%, or worse, a 145%tariff,” Jackman explained. “How can a small business make healthy decisions when the tariff rate can only change overnight at once?”
Roberto Sorgi, who manages a US fireworks company, said one of his orders – only a few thousand cases – hit a 145%tariff.
“It was not a good hit for us, but at the end of the day, we will only get a complete loss of it and get involved in our stock, because we couldn’t hand it over to our customers,” Sorgi said.
Customers in the supermarket hold fireworks in packing in their hands before New Year’s Eve. (Frank Hammerchmit/Alliance for Image through Getty Pictures)
He added that consumers could expect to notice up to prices later in 2025.
“Come New Year’s Eve, we see an average of 20% to 40% higher prices on most items,” Sorgi said. “Tariffs will most affect our customers on the display,” Sorgi explained, adding that the fireworks show could be shorter.
“The unfortunate thing is, at the end of the day, the consumer ends to pay for these tariffs,” Sorgi said of the current Trade war. “We are just taxing ourselves to celebrate our great nation.”
People see a fireworks display during the celebration of the US Army’s 250th anniversary, June 14, 2025, in Washington. (Tom Brenner for the Washington Post through Getty Images)
As for the 2025 celebrations on July 4th, Steve Hauser, president of Red Rhino fireworks, told Fox Business that retail fireworks sales were strong.
Click here to get the foxes on the go
“What I saw this year, and what I see right now is that retail sales are very strong,” explained Hauser, a former president of the National Famework Association.
Moreover, said Phantom CEO Bruce Zolan Business fox “The average sales is close to $ 400 this year” in the company’s brick and mortar stores. These sales have increased by approximately 10% – 15% from 2024.
Aislin Murphy, Fox Business, contributed to this report.
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