Trump floats creating ‘external revenue service’ for tariffs
President-elect Donald Trump plans to create an 'External Revenue Service' to collect tariffs on foreign imports, reaffirming his commitment to imposing trade levies. Critics question the need for a new agency, given that Customs and Border Protection already handles tariff collection. Experts warn these tariffs may inflate consumer prices without generating substantial revenue.
President-elect Donald Trump plans to create an 'External Revenue Service' to collect tariffs on foreign imports, reaffirming his commitment to imposing trade levies. Critics question the need for a new agency, given that Customs and Border Protection already handles tariff collection. Experts warn these tariffs may inflate consumer prices without generating substantial revenue.
