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  • 19 hours ago
Chinese fireworks makers say steep U.S. tariffs disrupted orders, forcing many to shift to other markets, even as demand begins to recover. Now they're hoping that demand for celebrations over America's 250th anniversary could also add some sparkle to sales. - REUTERS
Transcript
00:00In China's fireworks heartland, workers carefully pack gunpowder by hand,
00:06under strict safety rules in a region that has produced fireworks for centuries.
00:11The industry has been feeling the impact of trade tensions with its biggest export market, the United States.
00:17At Chile Fireworks in Hunan Province, production supervisor He Shui-shan says U.S. orders had taken a hit.
00:26In the past year or so, the orders I've dealt with the most come from France, Italy, the Netherlands, Germany,
00:34and the U.K.
00:38As for the U.S., orders had dropped a lot due to tariffs.
00:43Tariffs that once surged as high as 145 percent left shipments stranded and forced factories to shift towards other markets.
00:52Wilson Lam, U.S. business manager for the Black Scorpion brand, says the impact in April last year was significant.
00:59We also got lots of containers held back in the port, in the warehouse also.
01:06And we were thinking about all the ways to get it through.
01:09But, you know, with that high tariffs, eventually the consumers are going to pay for that.
01:17Even so, American demand hasn't disappeared.
01:20Shelves are lined with fireworks tailored for U.S. buyers, including boxes featuring Donald Trump and Make America Great Again
01:27slogans.
01:28With the U.S. marking its 250 years of independence this year, Lam says sales are rebounding.
01:36It's the 250th anniversary for the U.S. this year, which is a big day.
01:41As we expected, the sales amount is going to go up for like 20 or 30 percent.
01:48That's what we thought about there.
01:50And as a matter of fact, it was a lot better than what we had last year.
01:55Because, you know, plus the tariff thing in April and the products start to come in into the United States.
02:03So we are looking for a better sales this year.
02:07I think it could be at least 15 percent more the last year.
02:12Still, many exporters are hedging their bets, looking beyond the U.S. to reduce risk.
02:19Shandong Fireworks Factory founder Liu Fangguo says the shift has been underway for years.
02:27In fact, over all these years, on the export side, we never had any issues before 2016.
02:32The Americans had a very strong sense of contractual commitment.
02:40But ever since Trump came to power in 2016 and tariffs went up,
02:44he made our domestic exporters, both businesses and local governments,
02:48do everything they can to shift from exports to the domestic market
02:52and to expand into other countries and regions.
02:58Despite tensions, Lam says the world's two largest economies remain deeply connected.
03:04We can't live without each other because we are the most major,
03:08the biggest major trading party in this world.
03:11So we can't live without each other.
03:13And I am optimistic about all of this.
03:18And when the fireworks finally reached their destination,
03:21the politics behind them fade, replaced by spectacle.
03:25A reminder that even amid trade disputes, demand for celebration still burns bright.
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