Mexico has condemned a us suggestion that it may impose a 20% tax on Mexican imports to pay for President Donald Trump’s planned border wall. Mexican Foreign Minister Luis Videgaray, who had been in Washington to prepare for a meeting between Mexican President Enrique Pena Nieto and U.S. President Donald Trump said the meeting was called off by his boss.

Videgaray said that ultimately the proposed taxation would hurt the american consumer. Trump had tweeted earlier that it would be better for the Mexican leader not to come if Mexico would not pay for the wall. He said later the meeting was cancelled by mutual agreement.

The White House on Thursday floated the idea of imposing a 20 percent tax on goods from Mexico to pay for a wall at the southern U.S. Border, sending the peso tumbling and deepening a crisis between the two neighbors. Mexican President Enrique Pena Nieto announced on twitter around midday that he was scrapping a planned trip to meet with U.s. President Donald Trump, who has repeatedly demanded that Mexico pay for a wall on the U.S. Border.