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

WASHINGTON — President-elect Donald Trump on Tuesday announced plans to create a new agency called the External Revenue Service to collect tariffs and other revenues from foreign nations.

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

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

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

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.

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

Donald Trump announced he will establish the External Revenue Service to collect tariffs and revenues from foreign sources. This move comes as he prepares to introduce new import tariffs. Trump believes America has taxed itself for too long and aims to change this.

Trump also criticised the current reliance on domestic taxes through the Internal Revenue Service (IRS) and emphasised the need for foreign entities