Duties on China surged to 145% just as fireworks companies were getting their final July Fourth shipments from the country, which makes the vast majority of supplies used in the U.S.

The U.S. added 177,000 jobs in April, according to data from the Bureau of Labor Statistics. The figure marked solid growth but a slowdown from jobs added last month.

An effort aimed at blocking President Trump's "Liberation Day" tariffs in the Senate fell short Wednesday, with Senate Republicans largely united in opposition.