Trump announces external revenue service to collect foreign tariffs | Donald Trump News [Video]

United States President-elect Donald Trump has announced his intention to create a new department called the “External Revenue Service”, designed to collect “tariffs, duties, and all revenue” from foreign sources.

In a post on his platform Truth Social, Trump said that he would establish the new department as soon as he takes office on January 20.

“Through soft and pathetically weak Trade agreements, the American Economy has delivered growth and prosperity to the World, while taxing ourselves. It is time for that to change,” Trump wrote on Tuesday.

“We will begin charging those that make money off of us with Trade, and they will start paying, FINALLY, their fair share.”

Trump compared the proposed department to the Internal Revenue Service, which is the US’s domestic tax collector.

The establishment of a new agency requires congressional approval, but Trump enjoys strong support in Congress, as Republicans hold majorities in both the House of Representatives …