President-elect Donald Trump has unveiled plans to create the External Revenue Service (ERS), a new agency modeled after the IRS but aimed at collecting tariffs, duties, and revenues from foreign countries rather than U.S. taxpayers.

"For far too long, we have relied on taxing our Great People using the Internal Revenue Service (IRS)," he wrote. "Through soft and pathetically weak Trade agreements, the American Economy has delivered growth and prosperity to the World, while taxing ourselves. It is time for that to change."

Trump's announcement is the latest development in his long-standing push for economic nationalism. During his first term, Trump frequently used tariffs -- or the threat of them -- as a bargaining chip to renegotiate trade deals he deemed unfavorable to American businesses. He has said that tariffs protect domestic industries from unfair foreign competition and encourage the reshoring of manufacturing jobs.

Trump has also consistently championed tariffs as a versatile tool for policy negotiations. Recently, Trump warned Canada and Mexico of impending 25 percent tariffs unless they took decisive steps to curb the flow of fentanyl and illegal immigrants across their borders into the United States.

Critics of Trump's proposed tariffs argue that they could reduce America's economic output and increase costs for U.S. consumers, not only for imported goods such as Canadian lumber but also for products that rely on these imports, such as houses.

Supporters believe that the long-term advantages of bolstering domestic production and decreasing reliance on foreign imports outweigh the short-term economic challenges posed by tariffs.