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Which country will the ERS first target for tariff collection by March 31, 2025?
2
Resolution / Starting Odds
China • 25%
Mexico • 25%
Canada • 25%
Other • 25%
Official government announcements or trade reports
Story
Trump to Launch External Revenue Service on January 20 to Collect Tariffs from Foreign Sources
Jan 14, 2025, 04:57 PM
President-elect Donald Trump announced plans to create a new department called the External Revenue Service (ERS) to collect tariffs, duties, and all revenue from foreign sources. Set to commence on January 20, 2025, the ERS aims to shift the tax burden away from American citizens by focusing on revenue collection from foreign entities. "For far too long, we have relied on taxing our Great People using the Internal Revenue Service (IRS)," Trump stated. "We will begin charging those that make money off of us with trade, and they will start paying, finally, their fair share." The establishment of the ERS indicates a move towards imposing tariffs and duties on foreign imports to generate revenue.
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Similar markets
Canada • 25%
European Union • 25%
Other • 25%
China • 25%
Canada • 25%
European Union • 25%
Mexico • 25%
China • 25%
Canada • 33%
Neither • 34%
Mexico • 33%
Russia • 20%
Brazil • 20%
India • 20%
China • 20%
South Africa • 20%
Florida Orange Juice • 25%
Ceramics • 25%
Steel • 25%
Other • 25%
No • 50%
Yes • 50%
Brazil • 25%
Russia • 25%
India • 25%
China • 25%
European Union • 25%
United States • 25%
India • 25%
Other • 25%
Canada • 25%
Other • 25%
China • 25%
European Union • 25%
South Korea • 25%
India • 25%
Other • 25%
Japan • 25%