Market
Most impacted sector by External Revenue Service tariffs by 2025?
2
Resolution / Starting Odds
Automotive • 25%
Technology • 25%
Agriculture • 25%
Manufacturing • 25%
Economic reports or analyses detailing the impact of tariffs on various sectors.
Story
Trump Establishes External Revenue Service to Collect Tariffs and Protect Americans
Jan 20, 2025, 05:27 PM
President Donald Trump has announced the establishment of a new government agency called the External Revenue Service. This agency will be responsible for collecting tariffs and revenue from foreign sources. The move is part of Trump's broader plan to overhaul the trade system to protect Americans, as he stated during his announcement. The name External Revenue Service is a play on the Internal Revenue Service (IRS), the U.S. equivalent of the federal tax authority.
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