Trump will create External Revenue Service to collect revenue from foreign sources

https://www.reuters.com/world/us/trump-says-will-create-external-revenue-service-collect-revenue-foreign-sources-2025-01-14/

Posted by joe4942

26 comments
  1. President-elect Donald Trump announced plans to establish a new department called the External Revenue Service to collect tariffs and revenue from foreign sources, effective on his inauguration day. He criticized existing trade agreements for benefiting the global economy at the expense of the American economy and pledged to charge foreign entities for trade with the U.S. Trump intends to impose significant tariffs on major trading partners, including a 25% tariff on imports from Canada and Mexico, and a 60% tariff on Chinese goods. The Trump transition team has not provided details on how the new agency will operate.

  2. He doesn’t understand how anything works and they still put him in the big chair.

    TV does rot your brains.  Trump is proof.  He’s a zero sum brain who cannot comprehend even the most basic complexities with more than two choices.

    Literacy and media literacy is in the gutter.  And their champion is a felon who subverted the election.

  3. Wow, that’s impressively dumb. He enacted Tarriffs in the past and did not require such an agency to collect those revenues.

    Classic “small government” thinking.

  4. I’m sure he’s done his due diligence with conducting a study to see how this will affect our economy and trade, right? As, usually, he’s talking out of his Trump-hole.

  5. The only “foreign sources” that should be collected from are the billionaires who sponsor him…

  6. Reminds me of the old Monty Python quip, “We should tax all foreigners living abroad.”

  7. Hahaha he openly now steals money from everyone.

    I am sure that external revenue service will not have auditions and will be fully separate from the Government, so no one knows what comes in and goes out.

    Amazing, he does it right in the open.

    But then, who should stop him?

  8. It sounds more like Trump bribe department.

    It’s gonna be four interesting years…

  9. the IRS already collects taxes from american entities/people abroad…

    Also it changes nothing about who’s going to end up paying the increased prices from “tariffs”

    the only possibility i can think of is that Trump thinks it’s going to give him personal discretion on where the collected revenue goes.

  10. We already have an agency that does this, it’s called CBP which absorbed the former US Customs Service.

  11. Not surprised. The guy struggles to keep his inappropriate thoughts internal, much less the Revenue Service.

  12. I love this for him. Hope he goes even more crazy and wastes all his time on asinine non-starters like this. Sure, bro, start throwing invoices at foreign governments because you don’t understand that import tariffs are paid by the importer, by us. The more time he wastes on foreign slapfights, the less time he can devote to destroying government services and jailing journalists.

  13. Oh look, the DOGE has something legitimate to cut now

  14. *gets megaphone out* TARIFFS ARE PAID BY THE IMPORTERS, AKA AMERICAN COMPANIES

  15. Warlord will create External Revenue Service to collect tribute from vassals

  16. Every little bit that comes out about what he wants, the more Maga I get.

  17. Yeah, that’s not how that works. Isn’t there anyone in his orbit that can explain basic things to him?

  18. Doesn’t this directly violate the emoluments clause of the constitution?

  19. 77 million Americans were braindead enough to vote for this clown.

  20. When it doesn’t work he will send his collection agency (American military) to take it 

    That is the idea behind his thinking and his supporters… Like a cabal or racket or gang

    It doesn’t work, even when all the people are behind it. Wars are destructive and you can never consolidate the land gains of war without decades or even centuries of investment

  21. 🍿🍿🍿

    That’s pretty much all there is left to say at this point. The clowns are in charge of the circus, might as well laugh about it.

  22. Can someone tell what this is in symplification? Is it just a bigger overseas tax on overseas American citizens?

Comments are closed.