Trump: Tariff Demand Letters Are Going Out Imminently To Other Nations As Pause Deadline Nears

Speaking to reporters at JBA, President Trump discussed tariff letters going out to other nations.

Transcript

00:00We're going to start sending letters out to various countries starting tomorrow.

00:13We'll probably have 10 or 12 go out tomorrow.

00:17And over the next few days, I think by the 9th, they'll be fully covered.

00:21And they'll range in value from maybe 60 or 70 percent tariffs to 10 and 20 percent tariffs.

00:32But they're going to be starting to go out sometime tomorrow.

00:36We've done the final form.

00:37And it's basically going to explain what the countries are going to be paying in tariffs.

00:42And it's very important.

00:45It's a lot of money for the country, but we're giving them a bargain.

00:48Because if I went by the true deficits or by other ways of measuring, it could be a lot more.

00:56We don't want to stretch it too much.

00:59We want to keep it pretty reasonable.

01:01And I think it's actually, I think it's very reasonable.

01:04The Press, what countries will you be sending those letters to first?

01:08We're going to be sending to, well, you're going to see tomorrow.

01:10I'd rather give it tomorrow.

01:11But we have probably 12, 10 to 12 tomorrow.

01:14And then after that, we'll be sending 10 or 12 a day.

01:19And as we get along, as we get to the smaller countries, we're pretty much going to keep the tariffs the same.

01:25Are there any countries that will have a little flexibility with that deadline?

01:29Not really.

01:30I mean, they'll start to pay on August 1st.

01:34The money will start to come into the United States on August 1st.

01:38Okay?

01:38In pretty much all cases.

01:40Thank you very much, everybody.

01:42Thank you very much.