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

President-elect Donald Trump’s tariff plans have reignited one of the most controversial economic debates. His proposal ...

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

The chart shows data on tariff revenue as a share of total federal receipts from 1798 to 2023. In the chart, the graph shows the highest growth rate between 1870 and 1914, followed by a decline in ...

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 ...

Economists have said the tariffs' costs will be passed on to consumers, and are generally skeptical of them, considering them ...

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