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President Trump suspends tariffs, saving firework industry

Posted at 7:07 PM, Jul 03, 2019
and last updated 2019-07-03 20:08:50-04

NOLANVILLE, TX — A decision from President Trump will allow the firework industry to continue to boom.

The Trump Administration decided on Monday to suspend the proposal of the tariffs on millions of dollars of Chinese goods.

President Trump threatened the stability of the industry back in May when he proposed a 25 percent Tariff on goods imported from China, including fireworks.

Consumers may have faced the issues of that tariff, but a decision following the G20 summit on Saturday is allowing people across the country to buy fireworks without the worry of a price increase.

The decision from the Trump Administration will save tax payers from what experts estimated to be $200 million in “Boom Tax,” which is the increase in firework costs.

Folks in Central Texas chose to take part in the savings on Wednesday.

One family said they enjoy the different types of fireworks.

"He kind of likes the loud, he likes the 'pop pop pop' and I'm kind of like, 'What do we see,' you know, I want to see the pretty flowers, pretty colors, things that fly up," said Annette Hooks, a fireworks customer.

Shoppers at the TNT Firework Warehouse in Nolanville said they spend hundreds of dollars on fireworks for the Fourth of July holiday, and this year will be no different.

"Some of the things look like they are pretty cool so it might be worth the price,” Tyler Hicks said. "I mean it's just money, you can always get money back, but having some fun, you can't put a price on that."

The American Pyrotechnics Association claims that of the 250 million pounds of fireworks that are imported by the U.S., nearly 95 percent come from China.

The TNT Firework Warehouse in Nolanville will be open until 11 p.m. on July 3 and midnight on July 4. All proceeds raised from sales at the warehouse go toward helping kids go to camp.