As Americans prepare to celebrate the Fourth of July in 2025, fireworks are expected to light up the skies, but concerns about the impact of tariffs on Chinese imports loom over future celebrations. The U.S. imports more than 95% of its fireworks from China, and recent tariffs, including a 30% tariff on Chinese fireworks imports, have increased costs for retailers and consumers. Industry representatives warn that if tariff negotiations fail to progress, the availability and affordability of fireworks could be adversely affected in 2026, potentially leading to fewer and more expensive displays. Meanwhile, the cost of a typical Fourth of July cookout in 2025 is slightly lower than in 2024, with the American Farm Bureau Federation reporting an average per-person cost of $7.09 compared to $7.12 the previous year. Despite rising beef prices hitting record highs, the overall cost of hosting pool parties and acquiring related supplies has decreased, according to preliminary market research data. The fireworks industry, though relatively small, serves as a notable example of how trade tensions and tariffs between the U.S. and China are influencing consumer prices and the broader economy during the Independence Day holiday.
Ground beef is the new egg as the media has turned its attention to a new grocery item impacted by inflation.The average price for a pound hit $6.12 in June, up 12% YoY, and the highest price recorded since the government began collecting data in the 80s. https://t.co/iZvxAyjQ0o https://t.co/LwdYGvc76h
Inflation and a historic cattle shortage haven’t dented beef demand. Here’s why. https://t.co/UZEdm94uWd
The Cost (2024) https://t.co/IeQWIxViiB