* TRUMP SAYS HE WILL CREATE EXTERNAL REVENUE SERVICE 'TO COLLECT OUR TARIFFS, DUTIES, AND ALL REVENUE THAT COME FROM FOREIGN SOURCES' @reuters.com - ThreadSky

carlquintanilla.bsky.social • 48 days ago

* TRUMP SAYS HE WILL CREATE EXTERNAL REVENUE SERVICE 'TO COLLECT OUR TARIFFS, DUTIES, AND ALL REVENUE THAT COME FROM FOREIGN SOURCES'

@reuters.com

Comments

patrickford.bsky.social•48 days ago

And he still hasn't figured out that when it's pointed out Americans will pay the tariffs it means the cost of the tariff will be passed along in the form of higher prices and that other countries will respond by applying their own tariffs. Trump is an imbecile.

harryharrassed.bsky.social•48 days ago

And most will go right into his accounts.

ep1metheus.bsky.social•47 days ago

A new service? Does DOGE know?

woyton.bsky.social•48 days ago

So with DOGE, so far that is 2 additional government agencies/departments that are being created. Oh, and tariffs don't come from foreign countries

steiny3844.bsky.social•48 days ago

Much easier for him to get his hands on it.

ocelots1.bsky.social•48 days ago

Mexico will pay for it, apparently.

hey.rupert.murdochbait.click•47 days ago

Frequently Asked Questions (FAQ) about Trump's proposed
🦅 External Revenue Service 🦅

❔Is the revenue expected from Mexico going to pay for the border wall?

Add your question and tag it #ERSFAQs

https://en.wikipedia.org/wiki/Mexico%E2%80%93United_States_border_wall

daranglenn.bsky.social•48 days ago

Tell ya boy Joe that his lord and savior Donald Trump knows jack squat about money. Seems that would be important to financial journalists.

bigbeeinfinity.bsky.social•48 days ago

Tariffs don't come from foreign sources. Period.

hey.rupert.murdochbait.click•47 days ago

Frequently Asked Questions (FAQ) about Trump's proposed
🦅 External Revenue Service 🦅

❔Since tariffs are paid by the importer, not the exporter, isn't this actually internal revenue, not external?

Add your question and tag it #ERSFAQs

https://en.wikipedia.org/wiki/Internal_Revenue_Service

thefitlife.bsky.social•48 days ago

dwmfid.bsky.social•48 days ago

Make government smaller by creating new agencies, brilliant plan Sir!

eny403.bsky.social•48 days ago

He’ll be collecting anything he can and putting it in his pocket.

buildercj.bsky.social•48 days ago

This sounds like corruption. I believe he will be taking a cut.

socknarnia11.bsky.social•48 days ago

asommer01.bsky.social•48 days ago

Good luck with this guy 🐥

anitamann.bsky.social•48 days ago

He’s used to extortion for protection rackets.

hybridcap.bsky.social•47 days ago

This will be an account that Elon can throw a couple billion in and then Trump can say, "look everyone we got $2B in tariffs! I was right again"

gobluehalimi.bsky.social•47 days ago

MAGA May 2024 "Defund all government agencies except the department of justice and HHS" MAGA January 2025 "Trump's going to create another federal agency (in addition to DOGE), this is great!". These people don't know whether to breathe from their mouths or their assholes.

tbapple.bsky.social•48 days ago

All external revenue to be kept in the Cayman Islands.

adriana1o5.bsky.social•48 days ago

Kakistocracy ~ govt by the least competent.

It’s gonna be interesting

john624.bsky.social•48 days ago

oh boy, sounds like Trump wants all that money going into his pocket

antonvangramberen.bsky.social•48 days ago

Start with Danish owned Ozempic and see how it plays out with American consumers. Price is already 10 times higher in US. Can only go up. Guess who will be footing the bill?

stuadel.bsky.social•48 days ago

Newsflash he has absolutely no idea what he is doing.....

patrickin.bsky.social•47 days ago

In the words of Rex Tillerson, Trump’s a moron.

taz1.bsky.social•48 days ago

Code for I will steal every dime from the US Treasury.

danwentzel.bsky.social•48 days ago

"That's not how tariffs work"

- truth tellers futility shouting into the wind

danamasse.bsky.social•48 days ago

No concept of how any of it works.

waw2nyc.bsky.social•48 days ago

So it will collect ZERO since tariffs are paid by US importers

chuckolalala.bsky.social•48 days ago

Stupid and people should just ignore this kind of garbage for the next 4 years.

bertin.bsky.social•48 days ago

Once again... if Trump thinks foreign countries' tariffs are going to fill this* why doesn't someone ask him how much we will be paying out when those countries place reciprocal tariffs on US goods?

*Yes, I know that's not how tariffs ACTUALLY work.

pickle11-0.bsky.social•48 days ago

IMO all these newly formed entities are ways to avoid oversight.

mesaarch.bsky.social•47 days ago

Right into his pocket. Criminal

yycshanni.bsky.social•48 days ago

Conservatives and their small governments.

thejoshp.bsky.social•47 days ago

objimbo.bsky.social•48 days ago

https://upload.wikimedia.org/wikipedia/commons/thumb/2/2c/Seal_of_the_U.S._Customs_Service.svg/1920px-Seal_of_the_U.S._Customs_Service.svg.png

plugrocks.bsky.social•47 days ago

Anyone want to trust that man with your money?

earthasweknowit.bsky.social•48 days ago

Tariffs are taxes paid domestically by those within the US who receive the import. They are internal, not external.

jekllnnhide.bsky.social•48 days ago

how convenient to set up a multi-million $ skim operation.

just his style.

sprawlmaven.bsky.social•48 days ago

🤔

randyb-lusky.bsky.social•48 days ago

They won't be very busy.

triplenichol.bsky.social•48 days ago

Allow me to translate. Trump does not trust IRS because he is unable to adequately control the flow of funds to himself. The ERS is his own little piggy bank. Don't expect ANY transparency if ERS becomes a thing.

usnthem.bsky.social•48 days ago

Probably took this moron days to come up with "External Revenue Service" and he undoubtedly thinks the name is one of the greatest accomplishments in history.

historiken.bsky.social•48 days ago

so the tariffs will go straight into his pockets?

jaderydererhard.bsky.social•48 days ago

Can't make up this crappola

agpasquella.bsky.social•48 days ago

"Nice canal you got there. Be a shame if something... happened to it"

jeffholcomb.bsky.social•48 days ago

Wait, what?

walteriv.bsky.social•48 days ago

Big government

crashinator.bsky.social•47 days ago

cosmicdude.bsky.social•47 days ago

He wants to grift off the top!

aikaterini.bsky.social•48 days ago

And they will deposit the money right into his personal bank account. Can the guy be more corrupt?

joled16.bsky.social•48 days ago

He will say it was within his presidential duties; and the DOJ cannot or will not investigate.

milhouse25.bsky.social•48 days ago

Rather than posting this, you should add a “* this is totally now how it works by the way”

peterbschneider.bsky.social•48 days ago

More spending, more debt, more chaos, More of everything else except for completing the duties that he is supposed to be doing. Trump is definitely not the right person to run our country. What a joke!

kalkanswimmer.bsky.social•48 days ago

What does this literally mean? Create a new agency? Use a private external organization to “collect tariffs”? Tariffs are paid by Americans. How does this work? Who’s advising him?

patrickford.bsky.social•48 days ago

Trump is a moron making sounds with his mouth like a stoned middle school loser taking hits off a bong.

rlrose.bsky.social•48 days ago

Kleptocracy pure and simple.

murgatroidbonbon.bsky.social•48 days ago

Why? What's wrong with Customs & Border Patrol continuing to collect them?

Oh, right... He has no idea.

mgallagher.bsky.social•47 days ago

For about two hundred fifty goddamn years the USA has been collecting duty and tariffs without one. Why would we start now?

fearlicious.bsky.social•48 days ago

So lulzy

tradingpoints.org•48 days ago

Wharton needs to rescind its degree

engineerhawk.bsky.social•48 days ago

We can’t even stop recreational drugs from being imported. What makes anyone think we can stop imports of black market (tariff free) goods?

internetexpert.bsky.social•48 days ago

Also new, Ground Force partners with Air Force and Space Force.

julia.cool•48 days ago

jrosenblatt.bsky.social•48 days ago

For a while I thought that maybe he knew what tariffs were and relied on his supporters not understanding... I think he doesn't know what tariffs are.

jano007.bsky.social•47 days ago

Should really just name it the Trump Revenue Service (TRS) and have his son in law run it. Jared could use the money to build luxury condos in Gaza once it's cleared out.

wiese2154.bsky.social•48 days ago

Let us know when that first ERS Audit notice goes out. We are waiting for the giant windfall!

hey.rupert.murdochbait.click•47 days ago

Frequently Asked Questions (FAQ) about Trump's proposed
🦅 External Revenue Service 🦅

❔I'm a Russian oligarch with residences in Moscow, London and St Moritz. How much I have to pay? Will I be audited?

Add your question and tag it #ERSFAQs

https://en.wikipedia.org/wiki/Internal_Revenue_Service

robhon.bsky.social•48 days ago

I think this just means someone finally was able to explain to him that tariffs are paid by US companies and the cost gets passed on to consumers.

richardkgilbert.bsky.social•47 days ago

Wondering if he’s going to charge tariffs on all his swag he’s selling that’s made in China by prisoners & child labor?

smlrun.bsky.social•48 days ago

trump going take the money while american pay more inflation running rampant and push america into recession

smlrun.bsky.social•48 days ago

while americans pay more trump recession.

francesssss.bsky.social•48 days ago

First off, the tariffs won’t come from foreign sources, tariffs are on our end! Secondly, Wasn’t it going toward lowering food prices 🤥🤥🤥🤥🤥🤥🧐🤨 The gauging of the American customer/consumers!

hunnybun100.bsky.social•47 days ago

The president cannot just create agencies. This requires an act of Congress but he can pretend on TV

yargmit.bsky.social•48 days ago

"People say the ERS should collect the money. It is groundbreaking, and I am on the only one to think of it."

kauaiarts.bsky.social•48 days ago

Sure he will

chuckmccullagh.bsky.social•48 days ago

I guess this is after he takes over Greenland.

islandmandan.bsky.social•47 days ago

Well, the one person that will be needed to hold that position will be rather bored. “Correct Mr President, we collected no revenues from foreign sources on your tariffs again, only domestic revenue”

brianwilcox.bsky.social•48 days ago

That's how it works now.

And the important caveat is those tariffs will still be passed along in large part to the consumer, just as is the case now.

gerrylev.bsky.social•48 days ago

Trumps tariffs get dumber every day.

tomgiberson.bsky.social•47 days ago

Tariff revenue doesn’t come from foreign sources? Ahhhh who fucking cares about reality. The rubes and ghouls that elected him will eat this stupid slop up and ask for seconds, even as it tanks the economy.

mjrehoboth-58.bsky.social•48 days ago

Lol. He also says he's innocent.

upchuck66.bsky.social•47 days ago

Were there bubbles attached to that statement because Trump does a lot of talking out of his ass?

various-threnodies.bsky.social•48 days ago

😂 Wall Street should have been careful what they wished for!

stevezorowitz.bsky.social•48 days ago

You mean like the Customs Dept?

hey.rupert.murdochbait.click•47 days ago

Frequently Asked Questions (FAQ) about Trump's proposed
🦅 External Revenue Service 🦅

❔Does U.S. Customs already collect tariffs and duties?

Add your question and tag it #ERSFAQs

https://www.cbp.gov/travel/international-visitors/know-before-you-visit/customs-duty-information

helchose.bsky.social•48 days ago

He knows nothing.
No strategy.
No history.

normcook.bsky.social•48 days ago

Indeed - a con man first and foremost.

wiese2154.bsky.social•48 days ago

He's lazy.

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