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The External Revenue Service is a proposed government entity by President Donald Trump intended to collect tariffs, duties, and other revenue from foreign sources. It is unclear whether he intends to establish it as a government agency or an executive department.
The Internal Revenue Service is currently responsible for administering and enforcing the internal revenue laws within the U.S., and there is no existing External Revenue Service within the U.S. government. The External Revenue Service, as described by Trump, would be distinct from the IRS and would focus on collecting revenue from foreign sources rather than domestic ones. It was proposed by Donald Trump through Truth Social on January 15, 2025. This initiative is part of Trump's broader trade policy, which includes imposing tariffs on imports from foreign countries to enforce an approach described by Trump as "America-first" and "neo-mercantilst". In his proposal, Trump emphasized his desire for foreign entities to pay their "fair share" from trade profits. Trump has claimed that he would establish the External Revenue Service on January 20, 2025, the first day of his presidency, although the establishment of a government agency or an executive department would require an act of Congress.
The name "External Revenue Service" has been criticized as misleading by political analysts because tariffs are paid for by the domestic company importing the goods, not the foreign countries exporting them. Furthermore, the External Revenue Service would be redundant because U.S. Customs and Border Protection, operating under the Department of Homeland Security, is already responsible for the collection of tariffs.
See also
- Trump tariffs
- Second Cold War
- Department of Government Efficiency
- U.S. Customs and Border Protection, collects import duties
References
- ^ Berkowitz, Ben (January 14, 2025). "Trump promises "External Revenue Service" to collect tariffs". Axios.
- https://www.reuters.com/world/us/trump-says-will-create-external-revenue-service-collect-revenue-foreign-sources-2025-01-14/
- "Trump says he will create 'External Revenue Service' to tax foreign trade profits". www.aa.com.tr.
- Presse, AFP-Agence France. "Trump Says Will Create 'External Revenue Service' For Tariffs". www.barrons.com.
- "Trump Says He'll Create 'External Revenue Service' for Tariffs". Bloomberg. January 14, 2025 – via www.bloomberg.com.
- https://www.usnews.com/news/world/articles/2025-01-14/trump-says-will-create-external-revenue-service-to-collect-revenue-from-foreign-sources
- Hawkins, Ari. "Trump vows to create 'External Revenue Service' to gather tariff income". Politico. Retrieved 18 January 2025.
- "Trump announces 'external revenue service' to collect foreign tariffs". Al Jazeera. 14 January 2025. Retrieved 18 January 2025.
- Higman, Aliss (15 January 2025). "Could Donald Trump's 'External Revenue Service' Work? Analysts Respond". Newsweek. Retrieved 17 January 2025.
- Higman, Aliss (15 January 2025). "Could Donald Trump's 'External Revenue Service' Work? Analysts Respond". Newsweek. Retrieved 17 January 2025.
- Cruz-Martínez, Gabriella (15 January 2025). "Trump Pitches New 'External Revenue Service' Agency". Kiplinger. Retrieved 17 January 2025.
- Watson, Kathryn. "POLITICS Trump says he'll create "External Revenue Service" to collect tariffs". CNBC. Retrieved 17 January 2025.
- Glebova, Diana. "Trump announces creation of External Revenue Service — here's what new agency will collect". New York Post. Retrieved 17 January 2025.