In fact, tariffs were the primary source of revenue for the U.S. government during its early days until the federal income tax was established in the early 20th century. Today, tariffs are a ...

Historically, tariffs have been used by governments to collect additional revenue. But they are also a way for governments to try to protect domestic producers. As a protectionist tool ...

President-elect Trump on Tuesday announced plans to create a new "External Revenue Service" that would be tasked with collecting revenue from tariffs, but economists are pushing back and noting ...

Tariffs are typically charged as a percentage of the price a buyer pays a foreign seller. In the United States, tariffs are ...

President-elect Donald Trump said Tuesday that he will create an “External Revenue Service” to collect revenue from tariffs, a signal of his determination to impose sweeping duties on imports.

President-elect Donald Trump on Tuesday said he will create an “External Revenue Service" to collect tariffs. His announcement, made in a post on Truth Social, lacked details but appeared to ...

President-elect Donald Trump says he'll establish a new federal agency to collect tariffs, duties and all other foreign revenue, seemingly carving out responsibilities that are currently handled ...

President-elect Trump said Tuesday he wanted to create an “External Revenue Service” to collect tariffs and other revenue from foreign countries, comparing it to the Internal Revenue Service ...

President Donald Trump announced plans to create a new government agency called the External Revenue Service (ERS) to collect tariffs and other duties from foreign nations, but his plans have ...

Scott Bessent tried to polish the president’s big economic policy turd at his confirmation hearing. It’s still a turd.