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 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?

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

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

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."

The recent termination of workers in New York and Boston highlights the vulnerability of restaurant employees without legal status.

The president-elect's picks to lead EPA, State and other agencies struck a different tone toward civil servants than some former Trump officials, suggesting the administration would lean on their expertise.

U.S. Treasury nominee Scott Bessent plans to say at his confirmation hearing that President-elect Donald Trump has an opportunity to unleash “a new economic golden age.”