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.

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

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

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

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

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

President-elect Donald Trump announced on Tuesday plans to ... we have relied on taxing our Great People using the Internal Revenue Service (IRS)," Trump wrote on TRUTH Social. "

U.S. Treasury Secretary Janet Yellen said on Wednesday U.S. President-elect Donald Trump's plan to set up a new government agency to collect tariffs would duplicate an existing agency and was unlikely to save money.

Former U.S. Assistant Secretary of State for Economic and Business Affairs weighs President-elect Trump's plan to establish the 'External Revenue Service.'

President-elect Donald Trump has reportedly contemplated declaring a national economic emergency to implement tariffs.