India  
 
NewsR.in

Trump floats creating ‘external revenue service’ for tariffs

IndiaTimes Wednesday, 15 January 2025
President-elect Donald Trump plans to create an 'External Revenue Service' to collect tariffs on foreign imports, reaffirming his commitment to imposing trade levies. Critics question the need for a new agency, given that Customs and Border Protection already handles tariff collection. Experts warn these tariffs may inflate consumer prices without generating substantial revenue.
0
shares		ShareTweetSavePostSend
 
Video Credit: Oneindia - Published
News video: Explained: Why Trump Launching External Revenue Services? Members You Need To Know | Watch

Explained: Why Trump Launching External Revenue Services? Members You Need To Know | Watch 04:02

 President-elect Donald Trump has announced the creation of the External Revenue Service (ERS), a new agency focused on collecting tariffs and duties from foreign imports. Set to begin operations on January 20, 2025, the ERS aims to shift the financial burden from American taxpayers to foreign trade...

You Might Like


Related videos from verified sources

Trump Reveals Chilling Hostage Testimony: ‘They Were Beaten, Starved' | Trump Roars at Hamas | Watch [Video]

Trump Reveals Chilling Hostage Testimony: ‘They Were Beaten, Starved' | Trump Roars at Hamas | Watch

Trump has made a shocking revelation about the harrowing experiences of hostages held by Hamas. In a fiery address, Trump shared testimonies from freed captives who detailed brutal treatment, including..

Credit: Oneindia     Duration: 07:05Published
Trump Drops World War III Bombshell, Shocking Ultimatum to Ukraine: ‘If They Don’t Want Peace…’ [Video]

Trump Drops World War III Bombshell, Shocking Ultimatum to Ukraine: ‘If They Don’t Want Peace…’

Trump has issued a dire warning about the ongoing Ukraine conflict, suggesting that the war could spiral into World War III if not resolved soon. In a fiery statement, Trump declared that the U.S. will..

Credit: Oneindia     Duration: 04:29Published
Trump’s Shocking ‘Sanctions’ Ultimatum to Putin Days After Spat With Zelensky: ‘Get On Table Or…’ [Video]

Trump’s Shocking ‘Sanctions’ Ultimatum to Putin Days After Spat With Zelensky: ‘Get On Table Or…’

Trump has delivered a bold ultimatum to Russian President Vladimir Putin, warning of large-scale banking sanctions and tariffs unless Russia agrees to a ceasefire and final peace settlement with..

Credit: Oneindia     Duration: 03:30Published

Related news from verified sources

'They will start paying': Donald Trump announces plans for of 'External Revenue Service' to collect foreign tariffs

 President-elect Donald Trump plans to create the External Revenue Service to collect tariffs and revenues from foreign countries, aiming to reduce national debt...
IndiaTimes