By Lawrence White LONDON (Reuters) -Stocks slipped on Friday as U.S. President Donald Trump got his signature tax cut bill over the line and attention turned to his July 9 deadline for countries to secure trade deals with the world's biggest economy.

The June jobs report takes center stage as the S&P 500 and Nasdaq Composite hover at record levels in this short trading week. This as President Donald Trump’s tax bill hangs in the balance as he also works to seal more trade deals after securing Vietnam.

The president wins over sparring factions within his own party to get the bill passed after months of wrangling.

President Donald Trump said he would start sending letters to trading partners from Friday, laying out the details of new tariffs.

The president said the U.S. is poised to inform many trading partners of unilateral tariff rates of up to 70%, putting global investors on the defensive.

The White House will begin on Friday unilaterally notifying trade partners of new tariff rates on their exports to the US, Donald Trump has said ahead of his looming July 9 deadline to complete new deals.