Sean Spicer, White House press secretary for President Donald Trump, told reporters on Thursday that the administration is considering a 20% border tax on Mexican imports according to Bloomberg.
Spicer said border tax would be part of a broader tax reform package and would help pay for the proposed wall along the US-Mexico border, according to the report.
The announcement comes the same day that Mexican president Enrique Pena Nieto canceled a trip to the US over Trump’s wall proposal.
Trump has long said that Mexico will pay for the cost of building the wall, which Republicans have estimated as $12 million to $15 million. Nieto has said Mexico will not pay for the wall.
Business Insider Emails & Alerts
Site highlights each day to your inbox.