Trump proposes creating the External Revenue Service (ERS) to oversee tariffs and foreign trade revenues, requiring Congressional approval. With Republicans controlling Congress, the plan could gain traction but raises concerns about government expansion,
as agencies like Commerce and U.S. Customs already handle trade duties.Major Tariffs in Trump’s PlanTrump’s economic strategy includes steep tariffs, with a 25% levy on imports from allies like Canada and Mexico and a 60% tariff on Chinese goods.