According to the BBC, U.S. president Donald Trump will seek a tax on goods imported from Mexico and use the revenue to build a border wall, the White House spokesman has said.
The plan was announced just after the Mexican president cancelled a visit to Washington, amid a row sparked by the question of who will pay for the wall.
On Wednesday Jan. 25, president Trump signed an executive order to create a wall on the US southern border with Mexico.
Making Mexico pay for it was one of his key election campaign pledges.
But President Enrique Pena Nieto has always insisted that will not happen and on Thursday he pulled out of next week’s White House meeting.
Hours later, White House spokesman Sean Spicer told reporters that the president had discussed the funding proposal with lawmakers, and that they are considering making it part of a tax reform package the US Congress is planning.
He said that a 20% tax could generate approximately $10 billion in tax revenue per year.
“Right now our country’s policy is to tax exports and let imports flow freely in, which is ridiculous”, Mr Spicer said aboard Air Force One, adding that the tax will “easily pay for the wall”.
The two countries exchange about $1.6 billion USD per day in cross-border trade.
more recommended stories
“I would like to see a safer Mexico”, Roberta Jacobson
“The bilateral relationship of Mexico and.
La Plancha, a historical opportunity for “La Blanca Mérida”
Residents of the neighborhoods near to.
Relatives of the 43 of Ayotzinapa face Mexico City police near Los Pinos
On April 24, relatives of the.
Judge bans Frida Kahlo’s Barbie doll to be sold in Mexico
A judge banned the sale in.
Mexico and Vietnam strengthen bilateral relationship
With more than 40 years of.
Mexico and the European Union reach a trade deal that virtually eliminates tariffs
CNN collaborator Jackie Wattles reports that the.
Yucatecan honey, a symbol of flavor and quality
Yucatan is the main producer and.
Profepa rescues jaguar without fangs or paws in Central Mexico
The Federal Prosecutor for Environmental Protection.
The Impact of President Trump on Re-emerging Markets
With his plans to build a.
Crime is prevented with education in Mérida, Yucatán
Municipal police will initiate a training.