The parallel with the Internal Revenue Service is seen as a signal of the president-elect’s determination to enact sweeping ...

US President-elect Donald Trump on Thursday said that tariffs alone were responsible for creating vast wealth in the nation ...

Economists have said the tariffs' costs will be passed on to consumers, and are generally skeptical of them, considering them ...

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President-elect Donald Trump said he would create an “External Revenue Service” tasked with collecting tariffs on foreign ...

President-elect Donald Trump says he'll establish a new federal agency to collect tariffs, duties and all other foreign revenue, seemingly carving out responsibilities that are currently handled by ...

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 ...

In particular, Trump exaggerated the impact of tariff hikes during his first term, falsely claiming that "no other president took in 10 cents" of revenue from trade collections on Chinese imports.

Tariffs are taxes on imported goods that affect trade between countries. They are often used to protect local industries or raise revenue. Common targets for tariffs include agricultural products ...

US President-elect Donald Trump said Tuesday that he plans to form an "External Revenue Service" for tariff collection, less than a week before he takes office.

Trump said his new "external revenue service" will go into effect on January 20 to help the US collect more revenue from foreign countries.