He compared his planned creation to the Internal Revenue Service, which is the nation’s domestic tax collector.

The parallel with the Internal Revenue Service is seen as a signal of the president-elect’s determination to enact sweeping import duties.

President-elect Donald Trump said he would establish an External Revenue Service to collect tariffs, duties and all revenue from foreign sources.

U.S. President-elect Donald Trump said on Tuesday he will create a new government agency called the External Revenue Service "to collect tariffs, duties, and all revenue" from foreign sources as he readies new import tariffs ahead of his inauguration next week.

President-elect Donald Trump has announced his plan to create a federal body charged with taxing and collecting taxes from U.S. trade partners.

The creation of a separate department will likely need congressional support, though Trump could try to establish the department within a different existing agency.

The president-elect's proposed new agency was mocked because it duplicates what's already being done by other government agencies.

The president-elect's latest proclamation on Truth Social lacked details but appeared to reinforce his tariff plan

Taking to social media platform Truth Social, Trump said, 'For far too long, we have relied on taxing our Great People using the Internal Revenue Service (IRS). Through soft and pathetically weak trade agreements,

US President-elect Donald Trump on Tuesday announced his plans to create the revenue-service">External Revenue Service, a new body aimed at collecting tariffs, duties, and