Trump announces new 'External Revenue Service' to collect tariff funds

Contributing sentiments towards policy:

58% : U.S. Customs and Border Protection currently administers tariff policy, which is set by the president and Congress.
56% : In a post on Truth Social, his social media platform, Trump said the "External Revenue Service" will collect revenue from tariffs starting Monday, after he is inaugurated for a second term.
54% : Trump campaigned for president on tariff rates of as high as 20 percent on every imported good.
49% : Benoit also said news reports are consistently underestimating the push by Trump and Howard Lutnick, Trump's pick to lead the Commerce Department, to enact major new import duties.
47% : Bloomberg News reported this week that Trump was also considering a gradual set of tariff policies on all sectors.
40% : It is time for that to change," Trump said on Truth Social.
39% : "Benoit added that Treasury has "nobody left who even thinks about tariff revenue -- someone has to, and Trump gets that.
37% : Trump frequently suggests foreign countries pay the price for tariffs, but in reality importers pay the duties, and most economists say businesses pass on much of the cost by raising prices.
34% : "Trump and Lutnick are clearly all-in on tariffs for revenue, but most people have not adopted that paradigm yet.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.