Former President Donald Trump announced plans to create a new agency called the External Revenue Service to collect tariffs and other revenues from foreign nations. Trump stated that the agency would begin charging those that make money off of the US with Trade, and they will start paying. This plan has drawn criticism from Democrats and some Republicans who view tariffs as inefficient and harmful to the economy.
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“We will begin charging those that make money off of us with Trade, and they will start paying,” Trump said Tuesday on his social media site, Truth Social. He compared his planned creation to theThe creation of a new agency requires an act of Congress, and Republicans hold the majority of both the House and the Senate.
Trump, who has vowed to shrink the size of government, would be creating a new agency to do functions already handled by existing agencies, including the Commerce Department and the, cut programs and slash federal regulations, all part of what he calls his “Save America” agenda for a second term in the White House.
TRUMP TARIFFS FOREIGN NATIONS TAXATION NEW AGENCY
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