• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home Business & Finance Economic Policies

‘Ignorant’: Trump gets schooled as he proposes new agency to collect tariffs todayheadline

January 15, 2025
in Economic Policies
Reading Time: 2 mins read
A A
0
'Ignorant': Trump gets schooled as he proposes new agency to collect tariffs
2
SHARES
5
VIEWS
Share on FacebookShare on Twitter

Donald Trump called for the creation of a new federal agency dedicated to collecting the tariffs he’s threatening to impose on U.S. trading partners — but he was quickly taught there’s already a government entity that does that.

While the president-elect and his allies Elon Musk and Vivek Ramaswamy have called for the elimination of millions of government jobs and even some federal departments, Trump sketched out a proposal for a new one that suggests his tariff threats are more than just a negotiating tactic.

“For far too long, we have relied on taxing our Great People using the Internal Revenue Service (IRS),” Trump posted. “Through soft and pathetically weak Trade agreements, the American Economy has delivered growth and prosperity to the World, while taxing ourselves.”

“It is time for that to change,” Trump added. “I am today announcing that I will create the EXTERNAL REVENUE SERVICE to collect our Tariffs, Duties, and all Revenue that come from Foreign sources. We will begin charging those that make money off of us with Trade, and they will start paying, FINALLY, their fair share. January 20, 2025, will be the birth date of the External Revenue Service. MAKE AMERICA GREAT AGAIN!”

ALSO READ: Fox News has blood on its hands as Trump twists the knife

But it seems his newly announced External Revenue Service is redundant because an agency has been collecting external revenue for almost as long as the U.S. has been a sovereign nation.

“The president-elect appears ignorant of the fact that there’s been an ‘external revenue service’ since July 31, 1789,” posted Andrew Feinberg, White House correspondent for The Independent. “That’s when George Washington signed legislation creating the US Customs Service, the forerunner of what is now [the U.S. Customs and Border Protection Agency].”

Tags: agencycollectIgnorantProposesschooledTariffstodayheadlineTrump
Previous Post

How states will keep fighting for climate progress under Trump todayheadline

Next Post

Wars top global risk as Davos elite gathers in shadow of fragmented world By Reuters todayheadline

Related Posts

Globalist Tourism Group: US May Lose $12.5 Billion This Year todayheadline

May 14, 2025
0
YSRCP MLC, legislative council deputy chairperson Zakia Khanam joins BJP in Andhra

YSRCP MLC, legislative council deputy chairperson Zakia Khanam joins BJP in Andhra todayheadline

May 14, 2025
2
Next Post
© Reuters. FILE PHOTO: People walk next to the logo of World Economic Forum (WEF) on the first day of the annual meeting in Davos, Switzerland, January 15, 2024. REUTERS/Denis Balibouse/File Photo

Wars top global risk as Davos elite gathers in shadow of fragmented world By Reuters todayheadline

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024

Police ID man who died after Corso Italia fight

December 23, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0

Varda Space reentry capsule lands in Australia, completes hypersonic research mission

May 14, 2025
The circular outline of a biogas plant seen from above

Optimising biogas yields with AI: Partnership claims a UK first

May 14, 2025
A photo of an arid canyon in Arizona.

Trump’s Fast-Tracked Deal for a Copper Mine Heightens Existential Fight for Apache

May 14, 2025
Dustin Hoffman, Meryl Streep, Robert Benton and Stanley R. Jaffe holding their Oscars awards.

Robert Benton, Oscar-winning filmmaker of ‘Kramer vs. Kramer,’ dies at 92

May 14, 2025

Recent News

Varda Space reentry capsule lands in Australia, completes hypersonic research mission

May 14, 2025
3
The circular outline of a biogas plant seen from above

Optimising biogas yields with AI: Partnership claims a UK first

May 14, 2025
3
A photo of an arid canyon in Arizona.

Trump’s Fast-Tracked Deal for a Copper Mine Heightens Existential Fight for Apache

May 14, 2025
4
Dustin Hoffman, Meryl Streep, Robert Benton and Stanley R. Jaffe holding their Oscars awards.

Robert Benton, Oscar-winning filmmaker of ‘Kramer vs. Kramer,’ dies at 92

May 14, 2025
4

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

Globalist Tourism Group: US May Lose $12.5 Billion This Year todayheadline

May 14, 2025

Varda Space reentry capsule lands in Australia, completes hypersonic research mission

May 14, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co