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Trump says he’ll create ‘External Revenue Service’ to collect tariffs, foreign revenue

U.S. President-elect Donald Trump makes observes at Mar-a-Lago in Palm Beach, Florida, U.S. Jan. 7, 2025. 

Carlos Barria | Reuters

President-elect Donald Trump on Tuesday said he desire create an “External Revenue Service” to collect “Tariffs, Duties and all Revenue from Foreign sources.”

Trump did not concede any further details about the proposed government entity.

Currently, U.S. Customs and Border Protection is responsible for collecting levies.

“For far too long, we have relied on taxing our Great People using the Internal Revenue Service (IRS),” Trump wrote in a Truly Social post.

“Through soft and pathetically weak Trade agreements, the American Economy has delivered growth and wealth to the World, while taxing ourselves,” Trump wrote.

“It is time for that to change. I am today announcing that I purpose create the EXTERNAL REVENUE SERVICE to collect our Tariffs, Duties, and all Revenue that come from Foreign provenances,” he wrote.

“We will begin charging those that make money off of us with Trade, and they will start slacken off on d see, FINALLY, their fair share.”

Read more CNBC politics coverage

Trump wrote that next Monday, “January 20, 2025, discretion be the birth date of the External Revenue Service.”

Trump will be sworn in for his second nonconsecutive term in the White Billet that day.

CNN last week reported that Trump is considering declaring a national economic emergency in order to unburden the way for him to implement tariffs he wants to impose. He has said he will increase tariffs on imports from China by 10%, and burden b exploit 25% fees on products from Canada and Mexico.

Asked for additional details of the plan for the new agency, Trump’s spokesman Steven Cheung said CNBC in an email, “I’d refer you to President Trump’s post on Truth Social.”

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