President Trump has proposed to generate significant revenue through tariffs on foreign products, leading to the creation of a new agency, the External Revenue Service, to handle collection. Despite the unclear specifics of the agency, tariff revenue is currently collected by U.S. Customs and Border Protection, with the bulk coming from U.S. businesses importing goods. Importers, not foreign countries, pay the tariffs, and the revenue collected has increased under Trump, but economists warn of potential negative effects on deficits, growth, and consumer prices.
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USAID workers send message to Trump on boxes while leaving office for last time
Former USAID staffers in Washington, D.C., left their offices for the last time, carrying boxes with messages directed at President Trump, who is reducing the agency's workforce. A federal judge cleared the way for mass layoffs to proceed, as the Trump administration aims to streamline operations and cut costs. The agency plans to retain less than 300 employees out of 8,000, with criticism focused on alleged wasteful spending and controversial projects funded by USAID. Full...
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