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What is the External Revenue Service (ERS), and Why Was It Proposed?
Last updated on January 23, 2025 by Ben Thompson
The External Revenue Service (ERS) is an agency proposed by president Donald Trump aimed at collecting tariffs, duties, and revenues from foreign trade. Introduced as part of efforts to reform U.S. trade practices, the ERS seeks to generate revenue by leveraging trade-based taxes instead of relying primarily on income taxes. Its purpose is to address…
What is BRICS? History, Purpose, and Global Impact
Last updated on November 27, 2024 by Ben ThompsonBRICS is shaking up global trade and challenging old power structures. This group of nations has become a strong advocate for emerging economies, prioritizing growth, collaboration, and reducing dependence on traditional Western systems. So how did it all begin, and what has BRICS accomplished? From ambitious development projects to plans for a fairer global economy,…
What China Imports
Last updated on November 1, 2024 by Ben ThompsonChina’s imports are essential to fueling its economy, highlighting its reliance on materials and products from around the world. In this post, we’ll break down China’s main imports and the key countries that play major roles in its trade. Top 10 Product Categories China Imports (2023): Total trade worth of the top 10 commodities: $1,648…
What is the External Revenue Service (ERS), and Why Was It Proposed?
Last updated on January 23, 2025 by Ben Thompson
The External Revenue Service (ERS) is an agency proposed by president Donald Trump aimed at collecting tariffs, duties, and revenues from foreign trade. Introduced as part of efforts to reform U.S. trade practices, the ERS seeks to generate revenue by leveraging trade-based taxes instead of relying primarily on income taxes. Its purpose is to address […] Read More »
What is BRICS? History, Purpose, and Global Impact
Last updated on November 27, 2024 by Ben ThompsonBRICS is shaking up global trade and challenging old power structures. This group of nations has become a strong advocate for emerging economies, prioritizing growth, collaboration, and reducing dependence on traditional Western systems. So how did it all begin, and what has BRICS accomplished? From ambitious development projects to plans for a fairer global economy, […] Read More »
What China Imports
Last updated on November 1, 2024 by Ben ThompsonChina’s imports are essential to fueling its economy, highlighting its reliance on materials and products from around the world. In this post, we’ll break down China’s main imports and the key countries that play major roles in its trade. Top 10 Product Categories China Imports (2023): Total trade worth of the top 10 commodities: $1,648 […] Read More »
