President-elect Donald Trump promised to create an "External Revenue Service" to collect "Tariffs, Duties and all Revenue from Foreign sources." Trump did not give any more details about the proposed government entity. U.S. Customs and Border Protection ...

U.S. President-elect Donald Trump said on Tuesday he will create a new government agency called the External Revenue Service "to collect tariffs, duties, and all revenue" from foreign sources as he readies new import tariffs ahead of his inauguration next week.

Donald Trump called for the creation of a new federal agency dedicated to collecting the tariffs he's threatening to impose on U.S. trading partners — but he was quickly taught there's already a government entity that does that.

President-elect Trump on Tuesday promised to create an "External Revenue Service" to oversee tariffs and other potential foreign revenue. Why it matters: It's yet another sign Trump is serious about his promised widespread tariff program,

Will Trump tariffs be laser-focused, negotiating tools to reduce trade barriers and achieve other precise objectives, or will they be weapons that do real economic harm?

President-elect Donald Trump dropped some more news on Tuesday: he’s looking to set up a new agency called the External Revenue Service. This move is all about collecting tariffs and other cash from foreign nations.