Trump to Create “External Revenue Service” to Collect Foreign Revenue

BTCC / BTCC Square / Global Cryptocurrency /

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2025-01-15 02:00:02

US President-elect Donald Trump has announced plans to create an “External Revenue Service” aimed at collecting tariffs, duties, and all revenues from foreign sources. This new department is set to be established on January 20, 2025, coinciding with Trump's inauguration day. Trump emphasized that the American economy has historically benefited global growth through trade agreements, often at its own expense. He stated that it is time for foreign entities that profit from trade with the US to start paying their fair share. This move is part of a broader strategy to rebalance trade relationships and ensure that the US economy benefits more directly from international trade.

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