The Trump administration floated the idea of using a 20% tax on goods imported from Mexico to pay for the wall. "The notion that a 20% tariff is a way of forcing Mexico to pay for the wall, it's just a falsehood. And a Trump tariff would apply to many more products, so the ripple effects would be a lot broader. When the U.S. government applies a tariff on Mexican goods shipped into the U.S., Mexican companies don't pay the tariff -- American companies pay it. Guajardo added: A Trump tariff "will have a wave of impacts that can take us into a global recession."

Source: CNN January 26, 2017 23:15 UTC