US Politics Podcast

Donald Trump announced plans for an "External Revenue Service" to collect tariffs and other revenue from foreign sources, starting on his inauguration day. This new agency would seemingly oversee tariffs, potentially replacing the existing Customs and Border Protection. Trump's proposal contradicts the reality that importers, not foreign countries, bear the cost of tariffs.  Economists express concern over the potential economic consequences of widespread tariffs. The announcement re-emphasizes Trump's commitment to his tariff program despite previous reports suggesting a potential retreat.