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The Latest: Trump issues new double-digit tariffs on 60 countries
Summary by The Odessa Editorial Desk · Based on reporting by The Associated Press , Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar)
· July 23, 2026
· 1 min read
President Donald Trump announced Thursday he is imposing 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 defeat at the Supreme Court. The United States will impose taxes of 10% to 12.5% on imports from 60 countrie...
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Summary created by The Odessa Editorial Desk — automated, rule-governed Original reporting The Associated Press, Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) Original story Read at the source Source published Jul 23, 2026 Indexed here Jul 23, 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
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Key takeaway The United States will impose taxes of 10% to 12.
Why this matters in The Odessa
The announcement of a potential Saudi nuclear pact with conditions tied to normalizing Israel relations may have implications for the Permian Basin's energy industry. As a major oil-producing region, the Midland-Odessa area is closely tied to global energy markets and geopolitical developments. Saudi Arabia's involvement in a civilian nuclear program could potentially shift the dynamics of the global energy landscape, affecting oil prices and demand. Locally, this could have a ripple effect on the region's economy, which is heavily reliant on the oil and gas industry. Residents and business owners in Odessa and the surrounding areas will be watching closely to see how this development unfolds and what impact it may have on the local energy sector. The region's congressional representatives may also be called upon to provide oversight and guidance on the agreement's implications for the US energy industry.
About this story
Original reporting by Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) . The Odessa 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 Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: July 23, 2026 ·
Source: Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) ·
Reading time: 1 min
Frequently asked about this story
What is this story about? President Donald Trump announced Thursday he is imposing 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 defeat at the Supreme Court. The United States will impose taxes of 10% to 12.5% on imports from 60 countrie...
When was this published? This article was first published on July 23, 2026 by Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar) and curated for The Odessa readers.
Who reported this story? This story was reported by The Associated Press at Yourbasin / Big 2 KMID + Fox 24 KPEJ (Nexstar). To learn more about how The Odessa selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Odessa, or browse our daily briefing and topic hubs .
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