President Donald Trump has found out a way to pay for the wall — and Mexico is not going to like it.
In a press briefing, the White House confirmed that the proposed wall on the southern border will be financed by a strong 20% border tax on every single product that comes from Mexico.
“It clearly provides the funding and does so in a way that the American taxpayer is wholly respected,” White House press secretary Sean Spicer told reporters. “We are probably the only major country that doesn’t treat imports this way.”
USA Today reports:
Spicer announced the policy proposal in an unannounced “gaggle” with reporters on Air Force One on Thursday, underscoring just how quickly the Trump White House is churning out policy proposals in his first week in office.
“Right now our country’s policy is to tax exports and let imports flow freely in, which is ridiculous,” Spicer said.
He gave few details and described it as a beginning of a process that would be part of overall tax reform. But he did describe the proposal as a decision that Trump had made in a dovetailing of his signature policies of curtailing illegal immigration and enacting more protectionist trade policies.
All that’s left to enact this tariff is for congress to give it the green light — but the wall-building will commence regardless.
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