President-elect Trump said Tuesday he wanted to create an “External Revenue Service” to collect tariffs and other revenue from foreign countries, comparing it to the Internal Revenue Service (IRS), which collects taxes from Americans.
Trump announced his intention to create the new federal department on Truth Social, writing: "I will create the EXTERNAL REVENUE SERVICE to collect our Tariffs, Duties, and all Revenue that come from Foreign sources. We will begin charging those that make money off of us with Trade, and they will start paying, FINALLY, their fair share."
Trump said his new "external revenue service" will go into effect on January 20 to help the US collect more revenue from foreign countries.
Trump, 78, has already warned that he will raise tariffs on foreign nations that fail to align with his strict immigration policies.
President Donald Trump announced plans to create a new government agency called the External Revenue Service (ERS) to collect tariffs and other duties from foreign nations, but his plans have faced immediate backlash.
"For far too long, we have relied on taxing our Great People using the Internal Revenue Service (IRS ... U.S. Customs and Border Protection (CBP). That dynamic has prompted pushback from ...
U.S. President-elect Donald Trump said on Tuesday he will create a new government agency called the External Revenue Service "to collect tariffs, duties, and all revenue" from foreign sources as he readies new import tariffs ahead of his inauguration next week.
"For far too long, we have relied on taxing our great people using the Internal Revenue Service," Trump said Tuesday ... establish the tariffs, which the CBP deposits into the federal ...
He admitted to spearheading a scheme to illegally evade customs duties for more than $13.5M of jewelry imports into the U.S.
Mr Trump also announced “immediate” executive actions to end diversity, equity and inclusion (DEI) programs in the US government, and recognise “only two”, biologically distinct sexes.
Trump vows to send astronauts to plant an American flag on Mars and to establish an “External Revenue Service” for tariff collection.
The president withdraws the US from the Paris Agreement, pardons those convicted of the assault on the Capitol and renames the Gulf of Mexico as the Gulf of America, but has not yet imposed tariffs on