White House: Border wall will be funded by a 20% import tax on Mexican goods

Thursday Jan 26, 2017

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12:56 PM PST

2017/01/26

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12:56

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White House press secretary Sean Spicer.

White House press secretary Sean Spicer.

Hours after news of Mexican President Enrique Peña Nieto cancelling his trip to Washington, D.C., we get this. From the Washington Post:

“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. “By doing it that we can do $10 billion a year and easily pay for the wall just through that mechanism alone. That’s really going to provide the funding.”

Unsurprisingly, there is no explanation about how they intend to implement this huge tax.

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