In a post made to TRUTH Social on Tuesday, President-elect Donald Trump announced the formation of an “External Revenue Service” to collect tariffs and duties from foreign sources.
Trump wrote that next Monday, “January 20, 2025, will be the birth date of the new service.
Trump posted the following to TRUTH Social:
For far too long, we have relied on taxing our Great People using the Internal Revenue Service (IRS). Through soft and pathetically weak Trade agreements, the American Economy has delivered growth and prosperity to the World, while taxing ourselves. It is time for that to change. I am today announcing that I will create the EXTERNAL REVENUE SERVICE to collect our Tariffs, Duties, and all Revenue that come from Foreign sources. We will begin charging those that make money off of us with Trade, and they will start paying, FINALLY, their fair share. January 20, 2025, will be the birth date of the External Revenue Service. MAKE AMERICA GREAT AGAIN!
🚨President Donald J. Trump just announced the External Revenue Service. pic.twitter.com/alj3wTPrYW
— Benny Johnson (@bennyjohnson) January 14, 2025
Asked for additional details of the plan for the new agency, Trump’s spokesman Steven Cheung told CNBC in an email, “I’d refer you to President Trump’s post on Truth Social.”
This story is developing…
More over at CNBC:
Trump says he'll create 'External Revenue Service' to collect tariffs, foreign revenue https://t.co/k39j0nZZts
— CNBC (@CNBC) January 14, 2025
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