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

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

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.

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.