You’re probably familiar with tariffs impacting certain markets in the United States. One industry that’s closely watching those tariffs is the fireworks business — especially as we get closer to the Fourth of July holiday.
The Fourth of July is less than a week away. Manager of Hot Shot fireworks in Sioux Falls, Shelly Raderschadt says the past few days have been busy.
“Business this year has been really good with all the rain we’ve had, people are excited to shoot fireworks this year,” manager of Hot Shot fireworks, Shelly Raderschadt said.
And many of those fireworks are imported from China.
“We’ve been doing it for 60 years, we’ve been in business, we import from about 16 different factories and we are the largest importer in the Dakotas,” Raderschadt said.
While the firework industry hasn’t been impacted yet, if that changes, customers could see a price increase.
“If there was a tariff, I think we would share the costs, so they would see an increase so we would hate for that to happen,” Raderschadt said.
Kurt Alberson is stocking up on fireworks ahead of the holiday, something he says he would continue to do even if prices increased.
“It depends how much the tariff would be, typically it probably wouldn’t stop me from buying fireworks, it may hinder me from buying as much fireworks, but I would still buy fireworks to celebrate the Fourth,” Aberson said.
You can continue to buy fireworks until July 5. You only have until July 8 to shoot them off.