Trump signed an executive order on his first day in office directing the Commerce Department to begin formulating plans for standing up the agency.

President Donald Trump's plan to build an "External Revenue Service" is stuck in limbo even as the White House mounts an aggressive trade war with Canada and other countries. On his first day in ...

President Donald Trump says he believes tariffs are a panacea: a catch-all economic tool that can restore America’s manufacturing prowess, bring foreign nations to heel on key disputes, restore the ...

Trump and his allies have long railed against the IRS and said they want to abolish it in favor of revenue from foreign sources.

Robin Hartill is a Florida-based Certified Financial Planner and a longtime financial editor and writer. Her work regularly appears on The Motley Fool, Yahoo! Finance and Nerdwallet. Previously ...

One of President Trump’s objectives over the next four years is to have US revenues from tariffs become so massive that the Internal Revenue Service is no longer needed, his commerce secretary ...

In President Donald Trump’s idealized framing, the United States was at its zenith in the 1890s, when top hats and ...

On the day of his inauguration, President Trump pledged to create an External Revenue Service to oversee tariffs, duties, and other foreign trade-related revenues as part of his "America First ...

Star technology investment banker Michael Grimes, who left Morgan Stanley to take up a senior role in the U.S. Commerce ...

"Donald Trump announced the External Revenue Service, and his goal is very simple: to abolish the Internal Revenue Service and let all the outsiders pay," Lutnick said. The IRS would be replaced ...