President-elect Donald Trump announced on Tuesday plans to establish a new agency called the "External Revenue Service" to collect money from foreign countries owed to the United States. "For far ...

President Donald Trump has announced to establish the External Revenue Service to “tariff and tax foreign countries” instead of taxing US citizens. Trump vowed to “overhaul” the trade ...

US President-elect Donald Trump announced plans on Tuesday to establish a new agency called the External Revenue Service. The agency would be responsible for collecting tariffs and other revenues ...

The announcement is the latest of Trump walking back, pausing or easing tariffs as he looks to even the trade playing field for the U.S., while encouraging U.S. manufacturing and job creation.

President Donald Trump said in a Truth Social post Sunday morning “many people’s Income Taxes will be substantially reduced, maybe even completely eliminated” once revenue from tariffs comes ...

Trump said the administration would focus on reducing income taxes for individuals making less than $200,000 a year. “It will be a BONANZA FOR AMERICA!!! THE EXTERNAL REVENUE SERVICE IS ...

Trump declared in a post on Truth Social that, "When Tariffs cut in, many people’s Income Taxes will be substantially reduced, maybe even completely eliminated" ...

Long-threatened tariffs from U.S. President Donald Trump have plunged the country into trade wars abroad — all while on-again, off-again new levies continue to escalate uncertainty.

The U.S. economy has experienced whiplash from President Donald Trump’s back-and-forth tariff threats with China, Canada, Mexico and more since January 2025.

The Bureau of Internal Revenue was rebranded as the Internal Revenue Service, or IRS, in 1953. Now, Trump wants to tax imports through tariffs and pivot away from the taxation of income, although ...

President Donald Trump is vowing such success with his widely-derided tariff plan that income taxes could be “completely eliminated” for many American workers. In a Sunday morning post on ...