Learn English: Trump Announces New Tax Agency for Foreign Tariffs (hard)

16 hours, 33 minutes ago

Trump Announces New Tax Agency for Foreign Tariffs

President-elect Trump plans to create an "external revenue service" starting on his inauguration day.

This new agency will specifically collect tariffs and other revenue generated from foreign imports.

Trump aims to replace income tax with tariffs as the primary source of government revenue.

This bold initiative is part of Trump's broader plan to revise trade agreements and benefit American businesses.

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Source

Original: The Guardian (Business)

Tags

#Donald Trump #Tariffs #International Trade #US Economy #Taxation

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