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President-elect Donald Trump announced in a Truth Social post Tuesday morning that he intends to create a new agency to work in parallel to the IRS.
Trump said the new agency will go after foreign entities who owe money to the United States.
Trump wrote:
For far too long, we have relied on taxing our Great People using the Internal Revenue Service (IRS). Through soft and pathetically weak Trade agreements, the American Economy has delivered growth and prosperity to the World, while taxing ourselves. It is time for that to change.
I am today announcing that I will create the EXTERNAL REVENUE SERVICE to collect our Tariffs, Duties, and all Revenue that come from Foreign sources. We will begin charging those that make money off of us with Trade, and they will start paying, FINALLY, their fair share.
January 20, 2025, will be the birth date of the External Revenue Service. MAKE AMERICA GREAT AGAIN!
🚨 President Donald J. Trump announces the External Revenue Service pic.twitter.com/viOTPcK9k0
— Trump War Room (@TrumpWarRoom) January 14, 2025
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