Trump announced the establishment of an "External Revenue Service" responsible for collecting tariffs and other funds from foreign income

ChainCatcher news, Trump stated in a social media post that he will establish the "External Revenue Service," which will be responsible for collecting tariffs, taxes, and other funds from foreign income.

Trump indicated that this initiative aims to change the long-standing model of the United States relying on domestic tax revenue, allowing countries that profit from trade with the U.S. to start paying their "fair share." He announced that the agency will be officially established on January 20, 2025 (inauguration day).