Trump announces new External Revenue Service to collect foreign money

Contributing sentiments towards policy:

59% : Trump tapped them to become Treasury Secretary, director of the National Economic Council, and leader of the Council of Economic Advisers, respectively. CBS News, meanwhile, noted that federal agencies that collect revenue from tariffs already exist.
58% : Tariffs are established by the Department of Commerce and the Office of the United States Trade Representative, but collection and enforcement is primarily carried out by U.S. Customs and Border Protection.
48% : " On the campaign trail, Trump had suggested levying minimum tariffs of 10% to 20% on all imported goods, and 60% or more on imports from China.
40% : "For far too long, we have relied on taxing our Great People using the Internal Revenue Service (IRS)," Trump wrote on TRUTH Social.
40% : TRUMP TELLS EU TO BUY MORE AMERICAN-MADE OIL AND GAS OR FACE 'TARIFFS ALL THE WAY Bloomberg reported on Tuesday that Trump's transition team was studying how to gradually increase tariffs month-to-month by drawing on executive authority granted under the International Emergency Economic Powers Act.
35% : " CANADA READIES TRUMP TARIFFS RESPONSE: 'IN A TRADE WAR, THERE ARE NO WINNERS' At a press conference at his Mar-a-Lago estate last week, Trump promised to levy "substantial tariffs" against Mexico and Canada if they don't adequately curb the flow of drugs and migrants across their borders with the U.S.
8% : GET FOX BUSINESS ON THE GO BY CLICKING HERE Trump has also proposed hefty tariffs against China to hold Beijing accountable for allegedly shipping illegal drugs smuggled into the United States.

*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.