Trump imposes double-digit tariffs on dozens of countries as his 10% levies are set to expire Friday

Summary by The Waco Editorial Desk · Based on reporting by AP via Scripps News Group, KXXV (ABC 25) News · July 23, 2026 · 6 min read

President Donald Trump is going ahead with new double-digit tariffs on dozens of U.S. trading partners just as the clock runs out Friday on stopgap levies he imposed after a stinging defeat at the Supreme Court. The United States will slap taxes of 10% to 12.5% on imports from 60 countries accoun...

Why this matters in The Waco

The new double-digit tariffs imposed by President Trump will likely have a significant impact on the Waco economy, particularly on local businesses that rely on imports from the 60 countries affected. With the tariffs ranging from 10% to 12.5%, companies in McLennan County may face increased costs for goods and materials, which could be passed on to consumers. This could be especially challenging for small businesses and manufacturers in the area that are already operating on thin margins. The tariffs may also affect the local job market, as companies may be forced to reduce staff or slow down production to absorb the increased costs. As the tariffs take effect, it will be important to monitor their impact on the local economy and see how businesses in Waco adapt to the new trade landscape. The city's economic development officials will likely be watching closely to see how the tariffs affect local industries and jobs.

About this story

Original reporting by KXXV (ABC 25) News. The Waco surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page.

For the complete original report, visit KXXV (ABC 25) News. Have a tip or correction? Contact our newsroom.

Category: local · Published: July 23, 2026 · Source: KXXV (ABC 25) News · Reading time: 6 min

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This article was first published on July 23, 2026 by KXXV (ABC 25) News and curated for The Waco readers.

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Summary created by	The Waco Editorial Desk — automated, rule-governed
Original reporting	AP via Scripps News Group, KXXV (ABC 25) News
Original story	Read at the source
Source published	Jul 23, 2026
Indexed here	Jul 24, 2026
AI assistance	Automated summary drawn from the source’s own published text
Prepublication human review	No — editorial rules, flagged-item review, and published samples

Trump imposes double-digit tariffs on dozens of countries as his 10% levies are set to expire Friday

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