Trump Says He Wants To Establish 'External Revenue Service' To Collect Tariff Money

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Tue, January 14, 2025

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Trump Says He Wants To Establish 'External Revenue Service' To Collect Tariff Money

^{Published on 2025-01-14 13:01:20 - MSN}

Trump declared next Monday will be the "birth date" of the IRS counterpart as tariffs become a core storyline at the start of his second term.

In a recent statement, former President Donald Trump expressed his intention to establish an "external revenue service" aimed at collecting tariff money, as reported by MSN. This proposal comes as part of Trump's broader economic strategy to bolster U.S. revenue through tariffs on imports, which he believes would help reduce the trade deficit and fund government operations. Trump's idea seems to be a response to his ongoing critique of the current tax system and the Internal Revenue Service (IRS), suggesting a new entity could be more efficient or focused on international trade. However, details on how this new service would operate, its structure, or its impact on existing trade agreements and domestic tax collection remain sparse. This announcement aligns with Trump's previous advocacy for protectionist trade policies during his presidency.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/trump-says-he-wants-to-establish-external-revenue-service-to-collect-tariff-money/ar-BB1rrT15 ]

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