Trump says he will tariff and tax foreign countries
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WASHINGTON, DC - JANUARY 20: U.S. President Donald Trump speaks during inauguration ceremonies in the Rotunda of the U.S. Capitol on January 20, 2025 in Washington, DC. Donald Trump takes office for his second term as the 47th president of the United Stat
WASHINGTON (Reuters) - U.S. President Donald Trump on Monday said he would tariff and tax countries to enrich Americans, promised an overhaul of the trade system, and said the United States would establish an "external revenue service".
"We are establishing the external revenue service to collect all tariffs, duties and revenues. It will be massive amounts of money pouring into our treasury, coming from foreign source," he said in his inaugural address.
(Reporting by Nandita Bose and Jeff Mason, writing by David Ljunggren)
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