You're reading: Financial Times: White House weighs 20 percent import tax to fund US-Mexico border wall

The White House has sown confusion about how it will finance its US-Mexico border wall, just hours after Mexican President Enrique Peña Nieto cancelled a Washington summit with Donald Trump because of an escalating fight over the project.

Mr Peña Nieto aborted his meeting with the US president after Mr Trump ordered his administration to start building the wall and repeatedly insisted Mexico would pay for it. “We have informed the White House that I will not go to the meeting scheduled for next Tuesday with @POTUS,” Mr Peña Nieto tweeted.

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