Quartz: The next tariffs on China could ruin the best month for US fireworks sellers

Fireworks businesses depend almost entirely on the month of July to sustain their businesses, according to the National Fireworks Association. For many distributors, 85% of annual revenue are made that month, while retailers make about 80% of their revenue in five days or fewer in that same month, the association said.
Since distributers and wholesalers typically prepare for July 4 and the summer season a year in advance, starting typically in August or September, next month’s celebrations won’t be affected by the potential tariffs, according to the National Fireworks Association. Still, the prospect of increased costs next year means that many businesses are considering raising prices this year to hedge against the possibility of tariffs. And with the industry operating on “razor-thin margins,” there is no room to absorb any of the costs, which would inevitably be passed on to American consumers, the association said.
To read the full article, click here. 

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