How Chinese manufacturers profit off fireworks, grills, and flag sales.
The Fourth of July is an economic boom of a holiday — for China. Ever since the of Independence Day, Americans have celebrated with bombs bursting in air. But what started in 1777 with the firing of 13 rockets into the sky in Philadelphia has evolved into a tradition celebrated across the continent with and spectacles. No one benefits more from that than Chinese manufacturers. The American Pyrotechnics Association that 93 percent of fireworks used in the United States are made in China. It’s not surprising, then, that the US runs a substantial trade deficit with China with regards to fireworks. A Census Bureau suggests Americans imported more than $300 million worth of fireworks last year (96 percent of which came from China) , while exports totaled only about $10 million. Chinese companies clean up on your cookout, too. The Fourth of July is the for Americans to cook outdoors, and a showed that there’s still high consumer interest in purchasing new outdoor grills each year. The in 2016 that the outdoor grill industry consistently rakes in more than a billion dollars in sales each year in the United States. But last year, that imports now make up the majority of outdoor grill sales in the United States, and that most are, in fact, made in China. Even Weber-Stephen, one of the oldest American grill companies, has moved production for of one of its popular lines of outdoor grills to China. Even new American flags — in a small way — benefit Chinese manufacturers. April, May, and June are the months for flag sales, which makes sense since Memorial Day and Independence Day are the times to fly the Stars and Stripes. But while today the United States is a net exporter of the flag (a positive change from) , America $5.4 million worth of its own banner, with the vast majority of these imported flags ($5.3 million) coming from China. While “Made in the USA” makes for a popular slogan, American consumers that what matters most is getting a good price. That often means buying from China. Even Donald Trump, who preached “Buy American” on the campaign trail, in his, in his February, and in a recent, , found it difficult to buy all American for his first White House congressional picnic a couple of weeks ago. Food for that picnic was grilled over imported coals — not from China, but from Mexico.
