The pyrotechnics industry relies heavily on Chinese fireworks imports and warns that this could be the last big bang Fourth of July.

President Donald Trump’s new trade deal with Vietnam sends a clear signal about where US tariffs on Chinese goods might ultimately land, as talks between Washington and Beijing continue following their recent truce.

Trump said Japan’s rate could end up at “30%, 35%,” which would be substantially higher than the 24% initially set when widespread tariffs were announced on April 2.