The Trump administration is preparing to launch the "External Revenue Service," a new tariff-collecting agency which it hopes will contribute to the eventual elimination of the Internal Revenue ...

The Internal Revenue Service (IRS) building in Washington, September 28, 2020. REUTERS. Trump also vowed on the campaign trail to upend the current tax structure, promising no taxes on tips ...

Whatever happens with the External Revenue Service, or ERS, it’s likely the second Trump term will bring new tariffs. Tariffs are like a tax imposed on goods imported from other countries.

President-elect Trump plans to create an External Revenue Service that would collect tariffs from U.S. importers, with economists arguing the proposed agency's name obscures who pays.

President Trump wants an External Revenue Service to collect tariffs on imports. One trade expert said the move may be “more branding than substance.” By Ana Swanson Ana Swanson covers ...

Can Trump Create The External Revenue Service As A Federal Agency? It is Congress, not the President, which has the power to create federal agencies, according to the Constitution, complicating ...

Problem number two: Calling the new agency an ‘External Revenue Service’ won’t change who pays for tariffs, which are U.S.-based importers.

U.S. President-elect Donald Trump said on Tuesday he will create a new government agency called the External Revenue Service "to collect tariffs, duties, and all revenue" from foreign sources as ...

Trump's 'External Revenue Service' plan will strike fear into countries doing business with US, economist says 'External Revenue Service' will go into effect on January 20, Trump announced Tuesday ...

"January 20, 2025 will be the birthdate of the External Revenue Service." How Trump tariffs could impact you. Experts say Donald Trump's tariff plan could raise the cost of consumer goods and ...

Trump says he will create an ‘External Revenue Service’ agency to collect tariff income Creation of new agency requires act of Congress; Republicans hold majority of House, Senate ...