Trump press secretary says the administration is considering a 20% border tax on Mexican imports

Sean Spicer, White House press secretary for President Donald Trump, told reporters on Thursday that the administration is considering a 20% border tax on Mexican imports according to Bloomberg.

Spicer said border tax would be part of a broader tax reform package, according to the report.

The announcement comes the same day that Mexican president Enrique Pena Nieto canceled a trip to the US over Trump's proposal to build a wall along the length of the US-Mexico border.

Trump has long said that Mexico will pay for the cost of building the wall, which Republicans have estimated as $12 million to $15 million. Nieto has said Mexico will not pay for the wall.

Developing...