Explained: Why Trump Launching External Revenue Services? Members You Need To Know | Watch

President-elect Donald Trump has announced the creation of the External Revenue Service (ERS), a new agency focused on collecting tariffs and duties from foreign imports. Set to begin operations on January 20, 2025, the ERS aims to shift the financial burden from American taxpayers to foreign trade partners, emphasizing a fair share in trade contributions. While supporters see this as a move to boost U.S. revenue, critics warn of potential cost increases for consumers.

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