Trump Announces Creation Of 'External Revenue Service' To Collect Tariffs, Duties From Foreign Sources

Politics and Government Politics and Government

Thu, January 16, 2025

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Trump Announces Creation Of 'External Revenue Ser .. ' To Collect Tariffs, Duties From Foreign Sources

Trump Announces Creation Of 'External Revenue Service' To Collect Tariffs, Duties From Foreign Sources

^{Published on 2025-01-15 15:40:44 - MSN}

President-elect Donald Trump announced plans to create an External Revenue Service to collect tariffs, duties, and all revenue from foreign sources. Trump said the new agency would launch on his first day in office.

The video at the provided URL features former President Donald Trump announcing the creation of an "External Revenue Service" aimed at collecting tariffs and duties from foreign sources. This initiative is part of Trump's broader economic policy to ensure that foreign entities pay their fair share, thereby protecting American industries and jobs. The announcement emphasizes enhancing U.S. trade policies to counteract what Trump describes as unfair trade practices by other countries. The External Revenue Service would function similarly to the Internal Revenue Service but focus on international trade, aiming to increase revenue and reduce the trade deficit.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/trump-announces-creation-of-external-revenue-service-to-collect-tariffs-duties-from-foreign-sources/vi-AA1xggHf ]

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