Treasury Secretary Bessent warned tariffs could spike July 9, even for nations negotiating in good faith, unless President Trump grants an extension.

President Trump says he's not planning to extend a 90-day pause on tariffs on most nations beyond their July 9 expiration.

President Donald Trump says he is not planning to extend a 90-day pause on tariffs on most nations beyond July 9, when the negotiating period he set would expire, and his administration will notify countries that the trade penalties will take effect unless there are deals with the United States.

The U.S. trade war with China has sharply curbed fireworks imports. "The timing of the tariffs couldn't have hit at a worse time," one industry rep says.

Phantom Fireworks was in limbo earlier this year after a 145% tariff on goods from China -- where nearly all fireworks are made -- was announced.