U.S. Pays $223.6 Million to Import Fireworks from China

| by Michael Allen

Here's a surprising stat to ponder while shooting off fireworks to celebrate America on the Fourth of July.

The U.S. imported $223.6 million in fireworks from China in 2011, while only exporting $15.8 million in fireworks to all international markets, according to U.S. Census Bureau data quoted by Industry Market Trends.

What can be done to help the U.S trade deficit when it comes to fireworks? Not much, apparently.

Rep. Dan Benishek (R-MI) and Sen. Carl Levin (D-MI) have introduced a bill that would temporarily suspend duties on fireworks imported from overseas, making them even cheaper to buy than they already are, but sending more money overseas.

Coincidentally, fireworks makers have contributed $1,149,280 to Republican candidates, and $1,082,834 to Democratic candidates.