The president-elect announced the proposed agency on his social media platform writing that the U.S. “will begin charging those that make money off of us with Trade, and they will start paying."
Welcome to The Hill’s Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Trump announces ‘External Revenue Service’ for tariffs President-elect Trump said Tuesday he wants to create an “External Revenue Service” to collect tariffs and other revenue from foreig…
The creation of a separate department will likely need congressional support, though Trump could try to establish the department within a different existing agency.
The president-elect, who has vowed to shrink the size of government, would be creating a new agency to perform functions already handled by existing agencies
WASHINGTON — President-elect Donald Trump on Tuesday announced plans to create a new agency called the External Revenue Service to collect tariffs and other revenues from foreign nations. “We will begin charging those that make money off of us with Trade, and they will start paying,” Trump said Tues…
President-elect Donald Trump on Tuesday said he will create an External Revenue Service on the first day of his presidency to keep track of tariff payments and revenue flowing into the U.S. from foreign sources.
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.
The President-elect announced plans to create a new agency to collect tariffs and other revenues from foreign nations, though economists consider tariffs a mostly inefficient way for governments to raise money.
