Trump’s External Revenue Service Marks First Step In Reviving The US Economy

President-elect Donald Trump has unveiled a major initiative to reshape America’s economic future. His announcement of the External Revenue Service (ERS) signals a significant shift in how the federal government will collect revenue, focusing on foreign sources rather than taxing American citizens.

“For too long, weak trade agreements have enriched other nations while American taxpayers foot the bill,” Trump declared on Truth Social. The ERS, set to launch on January 20, will collect tariffs and duties from foreign businesses profiting off American markets.

This move aligns with Trump’s broader plan to prioritize American workers and industries. By targeting foreign revenue, Trump aims to reduce reliance on the IRS and ease the tax burden on American families. The ERS will focus on making countries that benefit from trade with the US pay their fair share.

Trump has already proposed aggressive tariffs, including a 10% to 20% tax on all imported goods and up to 60% on Chinese imports. Additionally, he has threatened a 25% tariff on Mexico and Canada if they fail to cooperate with US immigration enforcement.

While tariff collection is currently handled by US Customs and Border Protection, the ERS would centralize this function, making it more efficient. Steve Bannon suggested placing the ERS under the Treasury Department to ensure smoother operation without overburdening the IRS.

Not all experts agree on the strategy. Some question how the ERS will function within existing federal systems. However, economist EJ Antoni supports the shift, saying, “This is a great idea that moves us away from income taxes and toward tariffs.”

Trump’s decision to establish the ERS is a clear step toward his promise to rebuild the economy and put America first. By focusing on foreign revenue, Trump is setting the stage for a stronger, more self-reliant America.