Fireworks vendors in Idaho are cautioning customers that this could be their final opportunity to purchase fireworks at current prices, as looming international trade tariffs could lead to significant price increases next year. Nathan Graves, the manager of Family Fun Fireworks in Boise, emphasized the urgency, stating, “This might be the last year with these prices.”
This year, Family Fun Fireworks has maintained stable prices because they acquired most of their stock before the tariffs took effect. However, Graves warns that this buffer is running out, urging shoppers to take advantage of the lower prices while they can. The fireworks industry primarily imports its products from China, making it highly susceptible to changes in trade policy. Earlier this year, tariffs on Chinese fireworks skyrocketed to more than 100%, causing significant order cancellations throughout the sector, as noted by Brooke Taylor, owner of Family Fun Fireworks.
Although recent tariff rates have decreased to approximately 30%, this is still considerably higher than prior levels, creating uncertainty for retailers. Taylor explained the challenge of managing inventory costs, highlighting that the price of fireworks can change by the time the products arrive in the U.S. This unpredictability has forced her to make tough decisions regarding her locations, including closing the stand in Blackfoot this season.
Nia Smalls, an employee at TNT Fireworks in Boise, reflected on how the current economic climate is putting pressure on family budgets, leading many customers to purchase fireworks more conservatively. “There’s a lot of people that are having to consolidate their fireworks parties because they can’t afford to put on a show by themselves,” Smalls shared.
Despite these challenges, some customers remain devoted to their Independence Day celebrations. Dallen Bannister, who spent $40 on fireworks at Family Fun Fireworks, indicated that while he would continue to buy fireworks, he may need to reduce the amount he spends depending on his financial situation.
As vendors navigate the uncertainty brought about by tariffs and fluctuating prices, there is a collective hope among both customers and sellers to preserve the tradition of celebrating Independence Day with fireworks, regardless of the financial hurdles that lie ahead.