Trump’s New External Revenue Service Targets Foreign Profiteers To Protect Americans

President-elect Donald Trump is delivering on his promise to put American workers first by announcing the creation of the External Revenue Service (ERS). This new agency is designed to collect revenue from foreign nations, easing the tax burden on American citizens and boosting the US economy.

Trump shared his plans on Truth Social, criticizing past trade agreements for benefiting other countries while American taxpayers footed the bill. He declared that the ERS, launching on January 20, will collect tariffs and duties from foreign entities profiting off the US market.

The ERS is part of Trump’s broader effort to hold foreign countries accountable for their trade practices. Trump has already proposed tariffs ranging from 10% to 20% on all imported goods, with Chinese imports facing tariffs as high as 60%. He has also threatened Mexico and Canada with a 25% tariff if they do not cooperate with US immigration enforcement.

Currently, US Customs and Border Protection handles tariff collection. However, Trump’s ERS would streamline this process by focusing solely on foreign-sourced revenue. Trump allies, like Steve Bannon, have recommended placing the ERS under the Treasury Department to ensure efficiency and reduce the workload on the IRS.

Economist EJ Antoni applauded the move, calling it a step toward reducing income taxes and placing more responsibility on foreign nations benefiting from US trade. Antoni believes the ERS could be a key part of transforming the federal tax system to better serve Americans.

Trump’s creation of the ERS signals a major shift in US economic policy. By focusing on foreign revenue, Trump is working to ease the financial strain on American families and businesses. This bold step highlights his commitment to restoring economic fairness and strengthening America’s position in global trade.