theguardian.com
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Trump to Create "External Revenue Service" to Collect Tariffs
President-elect Donald Trump announced the creation of an "External Revenue Service" starting January 20, 2025, to collect tariffs and revenue from foreign sources, shifting the US's revenue generation from domestic taxes to tariffs, potentially impacting the US economy and foreign relations.
Trump to Create "External Revenue Service" to Collect Tariffs
President-elect Donald Trump announced the creation of an "External Revenue Service" starting January 20, 2025, to collect tariffs and revenue from foreign sources, shifting the US's revenue generation from domestic taxes to tariffs, potentially impacting the US economy and foreign relations.
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