20 Percent Border Tax Floats as Mexico Feud Deepens

20 Percent Border Tax Floats as Mexico Feud Deepens

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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 President Enrique Pena Nieto canceled a meeting with Trump.

“When you look at the plan that’s taking shape now, using comprehensive tax reform as a means to tax imports from countries that we have a trade deficit from, like Mexico, if you tax that $50 billion at 20 percent of imports,” White House Press Secretary Sean Spicer said. “By doing that we can do $10 billion a year and easily pay for the wall just through that mechanism alone. “

Spicer spoke to reporters aboard Air Force One as President Donald Trump returned from a speech to…