Trump said on social media that the new department would be created on his first day when he takes office on January 20.

Author: Unknown
Published on: 14/01/2025 | 00:00:00

AI Summary:
Trump has announced his intention to create a new department called the “External Revenue Service” designed to collect “tariffs, duties, and all revenue” from foreign sources. In a post on his platform Truth Social, Trump said that he would establish the new department as soon as he takes office on January 20. Trump compared the proposed department to the Internal Revenue Service. Trump has tapped entrepreneurs Elon Musk and Vivek Ramaswamy to lead the planned efficiency group. His new proposal to establish a “External Revenue Service” follows repeated pledges to impose stiff tariffs on three of the US’s largest trading partners: Canada, Mexico and China.

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