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

Commerce Secretary Howard Lutnick on FOX News argued for tariffs placed on Canada by the Trump Administration: MARTHA MACCALLUM: All right, Edward, thank you very much. And with that, we're glad to ...

Lutnick’s media blitz reveals that he either knows very little about basic economics or is willing to say things that simply aren’t true to please his boss.

President Donald Trump says he believes tariffs are a panacea: a catch-all economic tool that can restore America’s ...

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 ...

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

President Donald Trump has said he is considering abolishing the Internal Revenue Service (IRS), and replacing it with what ...

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 ...

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 ...

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 ...

President Donald Trump wants to abolish the Internal Revenue Service and create an “external” revenue service that will somehow force the rest of the world to fund the U.S. government, according to ...

"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 ...