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Trump Floats 20 Percent Border Tax as Mexico Feud Deepens

  • Mexico’s president cancels U.S. visit over Trump border wall
  • Trump demanding Mexico pay for wall on U.S. southern border
Bloomberg business news

Mexico's Pena Nieto Cancels Meeting With Trump

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The Trump administration floated a 20 percent tax on imports from Mexico to pay for a wall along the southern U.S. border, a plan revealed hours after Mexican President Enrique Pena Nieto canceled his first meeting with the new U.S. leader.

The idea of a border tax was first proposed by White House Press Secretary Sean Spicer to reporters on board Air Force One as Trump returned from a congressional Republican retreat in Philadelphia. Later in the day, Spicer amended his remarks in a meeting with reporters in his office.