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INTERNATIONAL: Trump wants 20 percent import tax to pay for Mexico wall

By NY Post

170126-trump-mexico-trade-featureNEW YORK POST – President Trump intends to pay for the coming US-Mexico wall with a 20 percent tax on all imports coming from Mexico, White house spokesman Sean Spicer said Thursday.

He said the plan now taking shape would tax imports from countries “that we have a trade deficit from, like Mexico.”

“If you tax that $50 billion at 20 percent of imports – which is by the way a practice that 160 other countries do – right now our country’s policy is to tax exports and let imports flow freely in, which is ridiculous,” Spicer told reporters aboard Air Force One.

Spicer said the new tax would generate $10 billion a year and “easily pay for the wall.”

The news came the same day the president of Mexico canceled his trip to the US next week after Trump said there was no point to their meeting if mexico won;t pay for the wall.

“This is something that we’ve been in close contact with both houses in moving forward and creating a plan,” Spicer said of the tax plan, suggesting that congressional Republicans back the proposal.

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2 comments

  1. lol o boy trump going to create some enemies, mexico say he not paying for no wall but watch how they hold him by his balls lol. my question is if they going to tax the exports coming from mexico is it both the Americans and Mexicans that going to pay? cause if am an american and i order something from mexico it has to be exported right so do only the mexicans that export what i ordered going to pay the tax

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    • I think how it works is that all products brought into America from Mexico will now cost 20 percent more to whoever is importing it whether they are American or Mexican. What will end up happening is that companies will now find the product from Mexico is too expensive and will try to find it somewhere else which means loss or revenue for Mexico. Those people who have no choice but to import it from there will most likely be companies that offer a specialised Mexican product which most likely will be mexican businesses in the US or Mexicans living in the US

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