• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
LeadershipDonald Trump

President Trump Calls for 20% Tax on Mexican Imports to Help Pay for Border Wall

By
The Associated Press
The Associated Press
Down Arrow Button Icon
By
The Associated Press
The Associated Press
Down Arrow Button Icon
January 26, 2017, 5:25 PM ET

President Donald Trump called on fellow Republicans to help him enact “great and lasting change” at a party retreat Thursday but offered few details. Later his spokesman said the president will seek a 20 percent tax on Mexican imports to pay for a proposed border wall.

The president was greeted by cheers as he took the stage in a hotel ballroom, telling senators and House members, “This Congress is going to be the busiest Congress in decades — maybe ever.”

He addressed lawmakers shortly after Mexican President Enrique Pena Nieto canceled a trip to Washington next week for his first meeting with the new president due to their disagreement over which of their countries would pay to build Trump’s promised wall on the border between them.

The wall is part of Trump’s plan to halt illegal immigration to the U.S., and he has long insisted that Mexico will pay. Pena Nieto insists his country will not.

On the flight back to Washington, White House spokesman Sean Spicer told reporters traveling with the president that Trump will seek to impose a 20 percent tax on Mexican imports to pay for the wall. Congressional approval would be needed for such a step.

But then later, at the White House, Spicer tried to take back his earlier comments by saying the 20% tax is one of several options under consideration and Trump hasn’t settled on it as the way to recoup construction costs for building the wall.

In Trump’s remarks to lawmakers, he cast the cancellation of his engagement with Pena Nieto as a mutual decision, saying they had “agreed to cancel our planned meeting.” Trump had tweeted early Thursday that “it would be better to cancel the upcoming meeting” given Pena Nieto’s unwillingness to pay for the border wall.

Trump’s election put Republicans in control of both the White House and Congress for the first time in more than a decade. Yet Trump’s often fluid ideology has sometimes put him at odds with his own party, making agreement on issues including a tax overhaul and entitlements no guarantee.

Addressing fellow Republicans, the president spoke about his agenda in broad terms and then skipped a planned question-and-answer session. He gave the lawmakers no specific marching orders for tackling the repeal and replace of “Obamacare,” one of the most complicated issues Congress is expected to tackle this year.

Spicer had said Trump on Thursday would continue to exercise his executive authority to implement his agenda, but an event listed on the president’s public schedule was postponed and could now take place on Friday.

The White House is considering steps to commission a probe of widespread voter fraud, restrict the flow of refugees to the U.S., and negotiate individual trade deals with countries that signed the proposed Trans-Pacific Partnership trade pact. Trump took steps earlier this week to withdraw the U.S. from TPP, saying the agreement puts American workers at a disadvantage.

Trump’s brief trip to Philadelphia marked his first flight on Air Force One, the familiar blue and white government plane that has long ferried presidents around the country and the world. Spokesman Sean Spicer described Trump — who traveled throughout the campaign and the transition on his own private jet — as being “in awe” of the presidential aircraft.

Trump saluted as he walked off his Marine helicopter and chatted with an Air Force officer who escorted him to the steps of the plane. He climbed the steps slowly but did not turn around and wave as presidents often do.

This article has been updated to reflect new comments from White House spokesman Sean Spicer.

About the Author
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

vonn
LawSports
Lindsey Vonn’s big crash is the moment millennial nostalgia hit its limit—and symbolizes a broader reality of moving goalposts
By Nick Lichtenberg and Ashley LutzFebruary 9, 2026
5 hours ago
SuccessMost Powerful Women
Jennifer Garner’s Once Upon a Farm IPO jumps 40% as the company raises $198 million
By Emma HinchliffeFebruary 9, 2026
7 hours ago
RetailFortune 500
The man who fixed Walmart’s grocery business was just appointed CEO of Kroger
By Phil WahbaFebruary 9, 2026
8 hours ago
Photo of Elon Musk
C-SuiteElon Musk
‘Don’t look at the résumé’: Elon Musk admits he’s ‘fallen prey’ to flashy credentials but says conversation matters most when hiring
By Jacqueline MunisFebruary 9, 2026
8 hours ago
Jody Allen
C-SuiteSports
Meet Jody Allen, the billionaire owner of the Seattle Seahawks, who plans to sell the team and donate the proceeds to charity
By Jake AngeloFebruary 9, 2026
9 hours ago
Young man smiling as he looks at his phone
SuccessWealth
Billionaire Jenny Just says she could have saved ‘10 years of losses’ if she had learned this skill sooner from playing poker
By Preston ForeFebruary 9, 2026
10 hours ago

Most Popular

placeholder alt text
C-Suite
Meet Jody Allen, the billionaire owner of the Seattle Seahawks, who plans to sell the team and donate the proceeds to charity
By Jake AngeloFebruary 9, 2026
9 hours ago
placeholder alt text
AI
As billionaires bail, Mark Zuckerberg doubles down on California with $50 million donation
By Sydney LakeFebruary 9, 2026
11 hours ago
placeholder alt text
Economy
China might be beginning to back away from U.S. debt as investors get nervous about overexposure to American assets
By Eleanor PringleFebruary 9, 2026
16 hours ago
placeholder alt text
Economy
Elon Musk warns the U.S. is '1,000% going to go bankrupt' unless AI and robotics save the economy from crushing debt
By Jason MaFebruary 7, 2026
2 days ago
placeholder alt text
Commentary
America marks its 250th birthday with a fading dream—the first time that younger generations will make less than their parents
By Mark Robert Rank and The ConversationFebruary 8, 2026
2 days ago
placeholder alt text
Economy
Russian officials are warning Putin that a financial crisis could arrive this summer, report says, while his war on Ukraine becomes too big to fail
By Jason MaFebruary 8, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.