President-elect Donald Trump plans to create an External Revenue Service. Here’s what that might mean for you.

U.S. President-elect Donald Trump said on Tuesday he will create a new department called the External Revenue Service "to collect tariffs, duties, and all revenue" from foreign sources. Trump said in a social media post he would create the department on Jan.

President-elect Donald Trump said he would create an “External Revenue Service” tasked with collecting tariffs on foreign imports, the latest indication that the Republican aims to carry out his promises for sweeping trade levies when he retakes office.

Canada could impose countermeasures on up to C$150 billion worth of U.S. imports if President-elect Donald Trump puts tariffs on Canadian goods and services, a source familiar with the matter said on Wednesday.

Canada’s Ambassador to the U.S. affirmed that the country is willing to boost American imports in the wake of President-elect Trump’s threats to increase tariffs. “We are happy to source what we can from the United States.

Canada’s ambassador to the United States said Monday the country is prepared to purchase more U.S. goods following President-elect Donald Trump’s tariff threats. Trump has repeatedly lamented the trade deficit between the U.