President-elect Donald Trump announced Tuesday he will create an external revenue office upon his return to the White House that will collect all foreign-sourced revenue, such as tariffs.
“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,” Trump wrote on Truth Social.
“I am today announcing that I will create the EXTERNAL REVENUE SERVICE [ERS] to collect our Tariffs, Duties, and all Revenue that come from Foreign sources.”
The incoming president added that the ERS would be established on Jan. 20 to “begin charging those that make money off of us with Trade, and they will start paying, FINALLY, their fair share.”
Trump, 78, has already threatened to raise tariffs on foreign countries that do not comply with his hard-line immigration policies. The president-elect has singled out Mexico and Canada with a threat of a 25% tariff, and has also said he will stop “business” with countries who refuse to take back illegal migrants who have been deported.
