Abuja, Jan. 21, 2025 – Taiwo Oyedele, the Chairman, Presidential Committee on Fiscal Policy and Tax Reforms, says the U.S. new external tariff policy announced by Donald Trump, the U.S. President, could disrupt global trade.
Oyedele said this via his X handle on Monday after the swearing-in of Trump as U.S. President
Trump had said during his inauguration on Monday that: “Instead of taxing our citizens to enrich other countries, we tariff and tax other countries to enrich our citizens. For this purpose, we are establishing the External Revenue Service to collect all tariffs, duties and revenue. It will be a massive amount of money pouring into our treasury coming from far.”
Reacting, Oyedele said: “The 47th President of the United States, Donald J. Trump announced plans to establish an External Revenue Service to impose tariffs and taxes on other countries.
“This move could disrupt international trade and further complicate the already complex global tax system, highlighting the importance of our ongoing tax reforms.” (GBN)
