Trump says he will create an ‘External Revenue Service’ agency to collect tariff income

News Snapshot:

WASHINGTON — President-elect Donald Trump on Tuesday announced plans to create a new agency called the External Revenue Service to collect tariffs and other revenues from foreign nations. “We will begin charging those that make money off of us with Trade, and they will start paying,” Trump said Tuesday on his social media site, Truth Social. He compared his planned creation to the Internal Revenue Service, which is the nation’s domestic tax collector. Advertisement Advertisement The creation of a new agency requires an act of Congress, and Republicans hold the majority of both the House and the Senate. Breaking News...