The parallel with the Internal Revenue Service is seen as a signal of the president-elect’s determination to enact sweeping ...

He’s wrongly convinced they’re paid by foreign companies: tariff revenue is actually remitted to tax authorities by importers — and as the duties he imposed in his first term showed ...

The results could be troubling for U.S. consumers, as tariffs are said to cause prices of everyday goods to spike. What’s more: Trump recently announced the creation of an ‘External Revenue ...

President-elect Trump said Tuesday he wanted to create an “External Revenue Service” to collect tariffs and other revenue from foreign countries, comparing it to the Internal Revenue ...

President-elect Donald Trump says he'll establish a new federal agency to collect tariffs, duties and all other foreign revenue, seemingly carving out responsibilities that are currently handled by ...

The Congressional Budget Office on Friday forecast a $1.865 trillion U.S. budget deficit for fiscal 2025, largely flat with ...

Trump said his new "external revenue service" will go into effect on January 20 to help the US collect more revenue from foreign countries.