President-elect Donald Trump has announced he will create a new "External Revenue Service" to collect income on goods from other countries when he takes power next week. Newsweek has contacted the Trump transition team for comment via email.

Trump said his new "external revenue service" will go into effect on January 20 to help the US collect more revenue from foreign countries.

The creation of a new agency requires an act of Congress, and Republicans hold the majority of both the House and the Senate.

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

President-elect promises to create External Revenue Service to collect tariffs. But will the ERS also impact your spending power?

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

WASHINGTON (AP) — President-elect Donald Trump on Tuesday announced plans ... He compared his planned creation to the Internal Revenue Service, which is the nation’s domestic tax collector.

US Internal Revenue Service Commissioner Danny Werfel said he would resign with nearly three years left in his term, The Wall Street Journal reported on Friday.

President Biden nominated Werfel in 2022 after Trump’s choice to lead IRS, former Commissioner Charles Rettig, saw his term expire. Biden opted not to replace Rettig, following precedent that has remained in effect for the last 30 years. Werfel, just prior to Trump naming a replacement, said he hoped to stay in his role through the end of his term.