July 4 Costs Rise Amid Tariffs, Low Gas Prices
July 4 Costs Rise Amid Tariffs, Low Gas Prices

July 4 Costs Rise Amid Tariffs, Low Gas Prices

News summary

As Americans prepare for Independence Day 2025, inflation and a 30% tariff on fireworks imported from China are driving up the cost of celebrations. Nearly half of Americans feel tariffs are affecting their holiday plans, with many intending to spend less, though the average consumer is expected to spend about $92–$93 on food and holiday items. While food and fireworks are more expensive, gas prices are at a four-year low, slightly offsetting other cost increases. Small fireworks businesses are struggling to absorb the tariff, with some avoiding price hikes by purchasing early but most facing thinner profit margins. Despite economic uncertainty and fewer people expected to participate than last year, most Americans plan to celebrate. Traditional activities like barbecues, fireworks, and family gatherings remain central to the holiday.

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