Trump Says He Will Create 'External Revenue Service'

The president elect announced plans to create an "External Revenue Service" to collect tariffs, duties, and all revenue from foreign sources.

Transcript

00:00More tariff news from Trump, the president-elect announced plans to create an external revenue

00:06service to collect tariffs, duties, and all revenue from foreign sources. He criticized

00:11the reliance on the internal revenue service, or IRS, for taxing Americans, stating that the

00:17U.S. has been unfairly burdened while benefiting the global economy.

00:22Trump claimed that weak trade agreements have allowed the American economy to prosper at the

00:26expense of American taxpayers. He vowed that this new agency would ensure foreign entities

00:33engaged in trade with the U.S. would pay their, quote, fair share.