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

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

Trump declared next Monday will be the “birth date” of the IRS counterpart as tariffs become a core storyline at the start of his second term.

President-elect Trump said Tuesday he wanted to create an “External Revenue Service” to collect tariffs and other revenue from foreign countries, comparing it to the Internal Revenue Service (IRS), which collects taxes from Americans.

The proposal is a contrast to the Internal Revenue Service, the country’s tax collection agency, which has faced harsh scrutiny from Republicans.

The president-elect announced the proposed agency on his social media platform writing that the U.S. “will begin charging those that make money off of us with Trade, and they will start paying."

President-elect Donald Trump announced Tuesday that he plans to unveil a new External Revenue Service agency dedicated to enforcing significant tariffs and other revenues for foreign nations.

President-elect Trump plans to create an External Revenue Service that would collect tariffs from U.S. importers, with economists arguing the proposed agency's name obscures who pays.