Trump Announces Creation of External Revenue Service to Collect Tariffs

President-elect Trump reveals plans for a new agency focused on collecting tariffs from foreign entities, set to launch on January 20.

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This story was covered by 18 sources. This shows the distribution of these sources: left-leaning (blue), center (gray), and right-leaning (red).

Politics

Mostly Reliable

The underlying sources generally maintain reliability but have, at times, included opinion pieces, propaganda, or minor inaccuracies. While typically factual, there may be occasional editorialization or subjective interpretation.

Balanced

Summary

A summary of the key points of this story, verified by multiple sources.

On January 20, President-elect Donald Trump will launch the External Revenue Service, designed to collect tariffs and duties from foreign sources, aligning with his campaign promises. The agency aims to replace some IRS functions and reduce reliance on American taxpayers. Concerns about inflation and trade wars have arisen, particularly regarding proposed tariffs of 10-20% on imports and 60% on Chinese goods. The plan requires Congressional approval and faces skepticism regarding its implementation and interactions with existing agencies that currently handle tariff collection.

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From the Left

A recap of the main views or arguments shared by left-leaning sources.

The proposed External Revenue Service is viewed as a redundant agency that replicates the duties already performed by existing organizations such as Customs and Border Protection, undermining Trump's promised reduction of the size of government.
Democratic lawmakers argue that the initiative is fundamentally a tax increase on American consumers and businesses, contradicting Trump's claims of financial fairness against foreign entities.
Economists express skepticism about the efficacy of the proposed tariffs, noting that they are likely to be passed on to consumers, creating further financial burdens for American families.

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From the Right

A recap of the main views or arguments shared by right-leaning sources.

The establishment of the External Revenue Service is framed as a proactive measure to ensure foreign entities contribute equitably to the American economy by collecting tariffs and duties that have previously been overlooked.
Trump's proposed tariffs, positioned as a strategic move for job creation, suggest a comprehensive overhaul of the tax system, and aim to remove specific domestic tax burdens while increasing overall U.S. revenue.
The announcement of the External Revenue Service illustrates Trump's dedication to economic nationalism, emphasizing self-sufficiency and enhancing trade negotiations to protect and prioritize U.S. workers against foreign competition.

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Highlights (14)

Excerpts from the underlying articles that best reflect each outlet's unique perspective on this story.

By proposing the creation of the External Revenue Service, Trump reveals his intention to shift the burden of revenue collection from American taxpayers to foreign entities, a move that could dramatically reshape international trade dynamics.
Trump announces new External Revenue Service to collect foreign money
Fox Business
Mostly Reliable
The underlying sources generally maintain reliability but have, at times, included opinion pieces, propaganda, or minor inaccuracies. While typically factual, there may be occasional editorialization or subjective interpretation.
·Leans Right
Trump's announcement of the 'External Revenue Service' signals a dramatic shift in how he intends to reshape the U.S. economy through aggressive tariffs, despite potential warnings from economists about the risk of increased prices for American consumers.
Trump: Tariffs to be collected by "External Revenue Service"
Salon
Mostly Reliable
The underlying sources generally maintain reliability but have, at times, included opinion pieces, propaganda, or minor inaccuracies. While typically factual, there may be occasional editorialization or subjective interpretation.
·Left
Trump's proposal for an 'external revenue service' signifies a radical shift in fiscal policy, aiming to alleviate the tax burden on American citizens by instead placing the onus on foreign entities that profit from American trade.
Trump says he will create ‘external revenue service’ to collect tariff income
The Guardian
Reliable
The underlying sources consistently report facts with minimal bias. They demonstrate high-quality journalism and accuracy across multiple articles.
·Leans Left
Trump’s plan reflects a troubling misunderstanding of the government’s existing framework, revealing both a lack of awareness and a misguided approach to policy-making.
Trump Gets Ridiculed For 'External Revenue Service' Proposal
HuffPost
Mostly Reliable
The underlying sources generally maintain reliability but have, at times, included opinion pieces, propaganda, or minor inaccuracies. While typically factual, there may be occasional editorialization or subjective interpretation.
·Leans Left
The proposal for an External Revenue Service reflects Trump's ongoing commitment to redefining the tax landscape by shifting the focus from traditional income taxes to tariffs on foreign goods, a move that is likely to spark considerable debate.
Trump announces creation of External Revenue Service — here’s what new agency will collect
New York Post
Mostly Reliable
The underlying sources generally maintain reliability but have, at times, included opinion pieces, propaganda, or minor inaccuracies. While typically factual, there may be occasional editorialization or subjective interpretation.
·Leans Right
The proposal for a new ‘External Revenue Service’ underscores Trump's continued focus on tariffs as a means to address trade deficits, but many critics see it as little more than a rebranding effort that could burden American consumers.
Trump announces ‘external revenue service’ to collect foreign tariffs
Al Jazeera
Reliable
The underlying sources consistently report facts with minimal bias. They demonstrate high-quality journalism and accuracy across multiple articles.
·Leans Left
Trump's radical proposal to create an External Revenue Service reflects a stark shift in how the government views revenue collection, potentially prioritizing tariffs over income tax and raising serious concerns about inflation and the economic burden on consumers.
Trump hires policy-focused head speechwriter
Politico
Reliable
The underlying sources consistently report facts with minimal bias. They demonstrate high-quality journalism and accuracy across multiple articles.
·Center
The proposal for a new External Revenue Service aptly embodies the contradictions of Trump's administration, pledging to shrink government while creating more bureaucracy for revenue collection.
Trump says he will create an 'External Revenue Service' agency to collect tariff income
Boston Globe
Reliable
The underlying sources consistently report facts with minimal bias. They demonstrate high-quality journalism and accuracy across multiple articles.
·Leans Left
Trump's ambitious proposal to create an 'external revenue service' reflects his determination to drastically reshape America's trade policies, despite the significant challenges and potential economic consequences that lie ahead.
Trump says he'll create an 'external revenue service' on Day One to help collect tariffs and revenue from other countries
Business Insider
Reliable
The underlying sources consistently report facts with minimal bias. They demonstrate high-quality journalism and accuracy across multiple articles.
·Center
The proposal for a new External Revenue Service seems more like a misguided effort to expand government functions than a genuine attempt to streamline operations, especially given Trump's stated goal of reducing the federal government's size.
Trump says he will create an 'External Revenue Service' agency to collect tariff income
Associated Press
Reliable
The underlying sources consistently report facts with minimal bias. They demonstrate high-quality journalism and accuracy across multiple articles.
·Center
The creation of an External Revenue Service signals a bold shift in economic strategy, aiming to alleviate the tax burden on American citizens by targeting foreign revenue sources.
Trump says he'll create 'External Revenue Service' to collect tariffs, foreign revenue
CNBC
Reliable
The underlying sources consistently report facts with minimal bias. They demonstrate high-quality journalism and accuracy across multiple articles.
·Center
The establishment of a new federal agency to collect tariffs appears more of a symbolic move than a practical solution, as the complexities of international trade and potential economic repercussions suggest that the envisioned changes may not materialize as Trump hopes.
Trump says he'll create "External Revenue Service" to collect tariffs
CBS News
Reliable
The underlying sources consistently report facts with minimal bias. They demonstrate high-quality journalism and accuracy across multiple articles.
·Center
Trump's proposal for an 'External Revenue Service' to collect tariffs reflects his aggressive stance on trade, signaling a desire to shift the burden of revenue collection from American taxpayers to foreign entities.
Trump says he’s creating ‘External Revenue Service’ for tariffs
The Hill
Reliable
The underlying sources consistently report facts with minimal bias. They demonstrate high-quality journalism and accuracy across multiple articles.
·Center
The establishment of the External Revenue Service marks a bold shift towards a more aggressive trade policy that aims to hold foreign entities accountable and protect American interests.
Trump Announces 'External Revenue Service'
Newsmax
Mixed Reliable
The underlying sources have a mixed track record. They provide accurate information in some cases but are known to inject bias, sensationalism, or incomplete reporting. Read these stories cautiously and cross-check claims when possible.
·Right