Trump says he will create an ‘External Revenue Service’ agency to collect tariff income
The creation of a new agency requires an act of Congress, and Republicans hold the majority of both the House and the Senate.
Trump’s External Revenue Service: What this proposal for collecting tariffs could mean for you
President-elect Donald Trump plans to create an External Revenue Service. Here’s what that might mean for you.
Trump’s ‘External Revenue Service’ plan signals his tariff ambitions, if nothing else
Even if Donald Trump vastly expands the use of tariffs as president, it's unlikely he'll collect enough revenue to replace the more than century-old federal income tax system.
Trump proposes ‘External Revenue Service’ to tax foreign sources
President-elect Donald Trump has announced his plan to create a federal body charged with taxing and collecting taxes from U.S. trade partners.
What to Know About Trump’s Proposed ‘External Revenue Service’
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.
Trump floats creating ‘External Revenue Service’ for tariffs
President-elect Donald Trump said he would create an “External Revenue Service” tasked with collecting tariffs on foreign imports, the latest indication that the Republican aims to carry out his promises for sweeping trade levies when he retakes office.
Trump announces new External Revenue Service to collect foreign money
President-elect Donald Trump said he would establish an External Revenue Service to collect tariffs, duties and all revenue from foreign sources.
Trump says he will create new agency to collect revenue 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.
Proposed tax cuts would actually be more inflationary than tariffs: BCA Research's Marko Papic
Marko Papic, BCA Research macro-geopolitical chief strategist, joins 'Closing Bell Overtime' to talk the possibility of a ...
Exclusive poll: For Trump, a strengthened hand but skepticism on tax cuts, tariffs
In a new USA TODAY/Suffolk poll, 31% of Americans feel "excited" about Trump taking office, 31% feel "afraid." ...
Tariffs and Tax Cuts May Be a Formula for Higher Mortgage Rates
"If there are blanket higher tariffs on all goods crossing the border, then there will be higher inflation. If there are ...
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Tariffs vs. Taxes: What Are the Differences?
Tariffs and taxes both generate government revenue but serve different purposes. Tariffs are fees on imported or exported goods, often used to influence trade by making foreign products less ...
Scott Bessent to face questions about tariffs and Trumponomics 2.0 in Senate grilling
Markets will monitoring Scott Bessent's Thursday sitdown with the Senate for insights on the early mixed signals about ...