The president-elect wants to set up an ‘External Revenue Service’ to collect tariffs
The US will establish an ‘External Revenue Service’ to collect tariffs and duties from foreign imports, President-elect Donald Trump has said.
Trump campaigned on generating government revenue by levying tariffs on overseas goods, the way the US did before introducing the income tax in 1913.
“I am today announcing that I will create the EXTERNAL REVENUE SERVICE to collect our Tariffs, Duties, and all Revenue that come from Foreign sources,” Trump posted on his Truth Social platform on Tuesday.
“We will begin charging those that make money off of us with Trade, and they will start paying, FINALLY, their fair share,” he added.
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