This is Donald Trump’s plan to collect all of those imposed tariffs
Related: Academy makes major change in supply amid Trump tariffs In other business headlines, President-elect Donald Trump wants to create a new department called the External Revenue Service. The sole purpose of this entity would be the collection of tariffs.
Trump promises an "External Revenue Service" to collect tariffs
President-elect Trump on Tuesday promised to create an "External Revenue Service" to oversee tariffs and other potential foreign revenue. Why it matters: It's yet another sign Trump is serious about his promised widespread tariff program,
European Stocks Get Trump Tariffs Boost
European indexes were climbing Tuesday after a report said U.S. President-elect Donald Trump is considering raising tariffs gradually rather than aggressively in a bid to rein in inflation. Trump's incoming administration is discussing a plan to use the International Emergency Economic Powers Act to raise levies on foreign imports by 2% to 5% a month,
Stock Futures Rise as Trump Tariffs Report Lifts Markets
U.S. stocks looked set to rise on Tuesday as the market chose to focus on the positives from a report saying Donald Trump may take a more restrained approach to raising tariffs. The President-elect’s
Trump says new tariff collection agency to be set up next week
U.S. President-elect Donald Trump said Tuesday he will set up a new government agency tasked with collecting revenue from tariffs. In a social media post, Trump said the agency, called the External Revenue Service,
Tariffs, Farm Cuts, and 2 More Ways Food Prices Could Climb Under Trump
As president-elect Donald Trump prepares to take office within days, the policies adopted by his administration could have a ...
Michigan governor warns Trump tariffs on Mexico, Canada could harm US auto sector
Michigan Governor Gretchen Whitmer warned on Wednesday that potential 25% tariffs on imports from Mexico and Canada suggested ...
Trump’s tariffs brought China and Mexico closer. Will his second term change that?
China has strengthened trade with Latin America at the expense of the U.S. But Donald Trump, who threatens to raise tariffs ...
What If Trump Is Right About Tariffs?
American voters seem lukewarm about Trump’s tariffs. A recent survey by Quinnipiac University reported that 51 percent of ...
Emerging Markets Face Further Losses on Trump Tariffs, UBS Says
Emerging-market equities and currencies are vulnerable to further losses as the recent selloff hasn’t fully priced in risks ...
China’s exports jump to record high in rush to beat Trump tariffs
American buyers rushed to stockpile Chinese goods before Donald Trump returns to the White House with a threat to impose ...
Tariffs Failed Before And Will Hurt American Energy Companies
Donald Trump promises to impose tariffs on the European Union if it does not purchase American-produced liquefied natural gas ...
Metals, Oil Surge in US as Traders Bet Higher Chance of Tariffs
US prices of metals and oil are surging above their international counterparts as traders increase bets President-elect ...
Dollar treads water ahead of CPI, tariffs remain in focus
The dollar weakened against the euro on Tuesday but stayed near its highest level in more than two years as ...
FirstFT: Stock investors flee emerging markets as Trump threatens tariffs
Outlook: Investors are still not pricing in enough risks in emerging markets from the fallout of a new US-China trade war, ...
Mexican President Might Avoid Trump's 'Day One' Tariffs
Trump has repeatedly accused the Mexican government of not doing enough to stop migrants and drugs from entering the U.S. and ...
Reckitt Aims to Boost US Production as Risk of Tariffs Looms
Reckitt Benckiser Plc, which imports more than two-fifths of the products it sells in the US, is aiming to boost production ...