President-elect Donald Trump has reportedly contemplated declaring a national economic emergency to implement tariffs.
President-elect Donald Trump promised to create an"External Revenue Service" to collect"Tariffs, Duties and all Revenue from Foreign sources."Sign up for NBC New York's News Headlines newsletter. "For far too long, we have relied on taxing our Great People using the Internal Revenue Service ," Trump wrote in a Truth Social post.
"Through soft and pathetically weak Trade agreements, the American Economy has delivered growth and prosperity to the World, while taxing ourselves," Trump wrote. "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," he wrote. Mark Cuban's No. 1 piece of advice for all young professionals: View your job as an education, ‘get paid to learn'"We will begin charging those that make money off of us with Trade, and they will start paying, FINALLY, their fair share."Trump Media shares jump more than 21% week before presidential inaugurationlast week reported that Trump is considering declaring a national economic emergency in order to clear the way for him to implement tariffs he wants to impose. He has said he will increase tariffs on imports from China by 10%, and impose 25% fees on products from Canada and Mexico. 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."Watch live: Trump Defense pick Hegseth grilled on torture views, sex allegations
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