Trump announces creation of External Revenue Service for foreign revenue collection

US President-elect Donald Trump on Tuesday announced his plans to create the revenue-service">External Revenue Service, a new body aimed at collecting tariffs, duties, and all revenue derived from foreign sources.Trump also criticised the current reliance on domestic taxes through the revenue-service"Internal Revenue Service and emphasised the need for foreign entities benefiting from trade with the US to contribute their fair share.In a post on social media platform Truth Social, Trump said, "For far too long, we have relied on taxing our Great People using the revenue-service">Internal Revenue Service. "He further said that January 20 would mark the establishment of the revenue-service" External Revenue Service. I am announcing today that I will create the revenue-service">External Revenue Service to collect our tariffs, duties, and all revenue that comes from foreign sources. The IRS was created based on the secretary's authority to administer and enforce the Internal Revenue laws.Trump will officially be sworn in for his second term as US President on January 20.Earlier, the US Congress had convened to count electoral college votes and certify Trump's victory over Vice President Kamala Harris in the presidential election held in November.