Trump says he will create new agency to collect revenue from foreign sources


FILE PHOTO: US President-elect Donald Trump speaks during a meeting with House Republicans at the Hyatt Regency hotel in Washington, DC, U.S. on November 13, 2024. ALLISON ROBBERT/Pool via REUTERS/File Photo

(Reuters) -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 he readies new import tariffs ahead of his inauguration next week.

Trump said in a social media post he would create the department on Jan. 20, the day he takes office as president for a second term, adding that Americans have been taxed for too long by the Internal Revenue Service.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Pentagon weighs diverting Ukraine military aid to the Middle East, Washington Post reports
Former Taipei mayor sentenced to 17 years in corruption case
Address root causes of Middle East conflict, Malaysia says at UNHCR meet
Area near one of Russia's biggest oil refineries damaged by Ukrainian drones, official says
Bus falls into river while boarding ferry in Bangladesh, leaving 24 dead
Analysis-Maduro case to test US narcoterrorism law with limited trial success
Panel wants prosecution of ousted Nepal PM over violence in Gen Z protests
Indonesia military officer steps down following acid attack on activist
Tehran rejects US claims of ‘ongoing, productive’ negotiations
Russian attacks kill two in Ukraine's Kharkiv, damage infrastructure on the Danube

Others Also Read