President-elect Donald Trump said he would create an “External Revenue Service” tasked with collecting tariffs on foreign imports, the latest indication that the Republican aims to carry out his promises for sweeping trade levies when he retakes office.

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.

Incoming U.S. President Donald Trump on Tuesday said he would create a tax revenue service that would collect all dues received from foreign sources, as he prepares to take office later this month. Trump made the promise of levying more tariffs on imported goods from China and other countries a cornerstone of his election campaign in 2024.