Trump announces the establishment of an "External Tax Bureau", responsible for collecting tariffs and other funds from foreign income

Trump posted on social media, announcing the establishment of the "External Revenue Service", which will be responsible for collecting tariffs, taxes and other funds from foreign income.

Trump stated that this move aims to change the long-standing pattern of the United States relying on domestic tax revenue, allowing countries profiting from US trade to start paying their "fair share". He said that this agency will officially be established on January 20, 2025 (Inauguration Day).