External Revenue Service: Donald Trump now wants to create a new agency to collect revenue from foreign sources

Politics and Government Politics and Government

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External Revenue Service: Donald Trump now wants .. ew agency to collect revenue from foreign sources

External Revenue Service: Donald Trump now wants to create a new agency to collect revenue from foreign sources

^{Published on 2025-01-15 04:00:39 - MSN}

Donald Trump announced he will establish the External Revenue Service to collect tariffs and revenues from foreign sources. This move comes as he prepares to introduce new import tariffs. Trump believes America has taxed itself for too long and aims to change this.

Donald Trump has proposed the creation of a new federal agency called the "American Academy for Freedom and Greatness" aimed at collecting revenue from foreign sources. This initiative, part of his broader policy vision if re-elected, seeks to address what Trump perceives as an imbalance in international financial dealings, particularly focusing on ensuring that foreign entities pay their fair share to the U.S. The proposed agency would not only focus on revenue collection but also on promoting American values and interests abroad. Critics argue that this move could lead to increased tensions with other nations and might complicate existing international trade agreements. The plan reflects Trump's ongoing emphasis on America First policies, aiming to bolster national revenue while asserting U.S. dominance in global economic interactions.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/politics/government/external-revenue-service-donald-trump-now-wants-to-create-a-new-agency-to-collect-revenue-from-foreign-sources/ar-AA1xdWbI ]

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