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Trump On Tax Bill, 70% Tariffs, Putin & 60 Minutes Settlement (Full Remarks)
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July 4, 2025
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9:46Now PlayingUS President Donald Trump said that his administration will start sending out letters to trading partners on Friday setting unilateral tariff rates, which he said countries would have to begin paying on Aug. 1. Trump told reporters that about “10 or 12” letters would go out Friday, with additional letters coming “over the next few days.”
“I think by the ninth they’ll be fully covered,” Trump added, referring to a July 9 deadline he initially set for countries to reach deals with the US to avoid higher import duties he has threatened. “They’ll range in value from maybe 60 or 70% tariffs to 10 and 20% tariffs,” he added.
Trump also told reporters he was “very disappointed” over Thursday’s call with Putin, in which the Russian president said he “will not back down” from his war aims, according to a Kremlin readout.
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