New global tariffs hit valley stores: Local souvenir shop sees prices skyrocket

LAS VEGAS (KTNV) — As dozens of new global tariffs are now in effect, these trade changes are not just impacting importing and exporting globally.

They're impacting stores right here in our valley.

I spoke to one local shop owner to understand the effects these tariffs are having on Las Vegas businesses. New global tariffs hit valley stores: Local souvenir shop sees prices skyrocket

Thursday, new reciprocal tariffs ranging from 10% to 50% went into place for 70 countries. The other countries, totaling more than 150, are also facing a baseline of 10% tariffs that went into place April 5.

The nonpartisan Yale Budget Lab says these are the highest tariffs since 1935, and U.S. households could spend an extra $2,400 on average this year due to the increased prices.

Those tariff impact