Green Mountain Fireworks navigates rising costs due to tariffs on imported merchandise
Rising costs spark concern in towns like Alburgh, which depend on Green Mountain Fireworks for their annual Independence Day celebration
Rising costs spark concern in towns like Alburgh, which depend on Green Mountain Fireworks for their annual Independence Day celebration
Rising costs spark concern in towns like Alburgh, which depend on Green Mountain Fireworks for their annual Independence Day celebration
With just weeks until the Fourth of July, fireworks are in high demand, but one Vermont business says rising tariffs and slowing sales could threaten future celebrations.
Green Mountain Fireworks, based in Alburgh, opened for the season on May 1. But co-owner Matthew Lavigne said business has been unseasonably slow.
He adds that tariffs on imported fireworks, most of which are manufactured in China, have taken a financial toll.
“We had a 5% tariff before on fireworks, and then it went up to 150%; now it's down to 30%,” he said.
Shipping costs are also up, each container now costs the company more than $20,000 just to clear the port, according to Lavigne.
He added that economic uncertainty is making customers more hesitant to buy.
“We’ve got people coming in and looking, but they’re just not buying,” he said.
Lavigne also warned that supply issues could worsen in the coming months, as Chinese fireworks factories often shut down during the summer due to heat.
“Only the large companies are going to be able to get anything from the factories,” he said. “They're going to support their big customers.”
That’s causing concern in towns like Alburgh, which relies on Green Mountain Fireworks for its annual Independence Day celebration.
Select Board Chairman Elliot Knight said their $5,000 budget may no longer be enough. With tariffs in play, putting on the same show could cost between $6,500 and $7,000.
“I would hate to see it cut back,” Knight said. “We’re going to put on a great show and get together as a community no matter what happens.”
Despite the challenges, Green Mountain Fireworks says it does not plan to raise prices, at least until their next shipment arrives, as they continue working to find solutions.