US President-elect Donald Trump delivers remarks at Mar-a-Lago in Palm Beach, Florida, US, January 7, 2025.
Carlos Barea | Reuters
President-elect Donald Trump He said on Tuesday that he would create a “Foreign Revenue Service” to collect “Definitionsduties and all revenues from foreign sources.”
Trump did not provide any other details about the proposed government entity.
currently, US Customs and Border Protection He is responsible for Collection of definitions.
“For too long, we have relied on taxing our great people using the Internal Revenue Service (IRS),” Trump wrote in a post on Truth Social.
“Through soft and pathetically weak trade agreements, the American economy has brought growth and prosperity to the world, while taxing ourselves,” Trump wrote.
“It's time to change that. Today I'm announcing that I will create the Foreign Revenue Service to collect customs duties, fees, and all revenues that come from foreign sources,” he wrote.
“We will start charging fees to those who make our money through trade, and they will finally start paying their fair share.”
Trump wrote that next Monday, “January 20, 2025, will be the birth date of the Foreign Revenue Service.”
Trump will be sworn in for his second non-consecutive term in the White House that day.
CNN It was reported last week that Trump is considering declaring a national economic emergency in order to pave the way for him to implement the tariffs he wants to impose. He said he would increase tariffs on imports from China by 10%, and impose 25% duties on products from Canada and Mexico.
When asked for additional details about the new agency's plan, Trump spokesman Stephen Cheung told CNBC in an email: “I would refer you to President Trump's post on Truth Social.”
