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.
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·3M·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.Leans RightThis outlet slightly 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·3M·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.LeftThis outlet favors left-wing views.
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·3M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.Leans LeftThis outlet slightly 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·3M·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.Leans LeftThis outlet slightly 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·3M·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.Leans RightThis outlet slightly 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·3M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.Leans LeftThis outlet slightly 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·3M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
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·3M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.Leans LeftThis outlet slightly 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.
Business Insider·3M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.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·3M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
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·3M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
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·3M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.
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·3M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.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·3M·Mixed ReliableThis source has a mixed track record—sometimes accurate but also prone to bias, sensationalism, or incomplete reporting.RightThis outlet favors right-wing views.
Summary
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.
Perspectives
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