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Trump vows new duties on foreign goods

The US President stressed that he would overhaul the trade system to protect American workers and families

WASHINGTON, January 20. /TASS/. US President Donald Trump announced the intention to revamp the country’s trade system in his inauguration address.

"I will immediately begin the overhaul of our trade system to protect American workers and families. Instead of taxing our citizens to enrich other countries, we will tariff and tax foreign countries to enrich our citizens," Trump stressed.

"For this purpose, we are establishing the external revenue service to collect all tariffs, duties and revenues. It will be massive amounts of money pouring into our treasury, coming from foreign sources," he added.