President Donald Trump has proposed creating an “External Revenue Service” (ERS) to collect tariffs and revenues from foreign nations.
Supporters argue that this initiative could strengthen the U.S. economy by prioritizing domestic growth and reducing reliance on foreign goods. However, critics warn that it could increase consumer prices and trade tensions.
As discussions continue, the potential impact on businesses, households, and the broader economy remains uncertain. Be aware of these implications.
1. Establishment of the External Revenue Service
