President Donald Trump is determined to impose the 5% tariff he’s threatened against Mexican imports and sees it as a way to help fund construction of the border wall he promised during his campaign, people familiar with the matter said.
Trump plans to portray the move as making Mexico pay for the wall -- part of his signature 2016 pledge, said the person, who spoke on condition of anonymity. While Trump has repeatedly argued that the countries he penalizes bear the cost of tariffs, it’s U.S. importers that pay the duties and some of that gets passed to consumers in the form of higher prices.
