Skip to main content

Trump Floats 20 Percent Mexico Border Tax To Celebrate Jose Cuervo IPO

Let's dispel with the fiction that Sean Spicer knows what he's doing.
  • Author:
  • Updated:
    Original:

Someone in the Trump administration must have misheard “take a shot of Jose Cuervo” as “take a shot AT Jose Cuervo.” Just a day after news broke that the tequila maker's previously postponed initial public offering had been set for February 8 – perhaps the first fuck-you IPO in American history – White House spokesman Sean Spicer told reporters that a 20 percent border tax on goods from Mexico would pay for the border wall.

Trump.Tequila

That policy might send the price of Jose Cuervo Especial Gold up, but it would not be positive for the distiller's $700 million IPO price.

Of course, this being the Trump administration, and Sean Spicer being Sean Spicer, the proposal was quickly walked back as merely a suggestion of one of the many paths that U.S. might take to get Mexico to pay for that fucken wall.

For the bankers working on the deal at Morgan Stanley, JPMorgan and Banco Santander, today is a completely appropriate day to get high on your own supply. Don't forget the Mexican limes.

Related

Trump.Tequila

Welp, President Trump Has Already Ruined A Tequila IPO

You can thank YouKnowWho for preventing you from buying shares in Jose Cuervo.

(Trump image courtesy Flickr user Gage Skidmore)

U.S. Economic Growth To Fluctuate Based On Donald Trump's Feelings

Only the power of positive thinking can push GDP growth to 3.5 percent.

mnuching blingee

Inflating Stock Prices Is Steven Mnuchin’s Business … And Business Is Good

A mark-to-market accounting of America spells good news for the Trump administration.

trump-the-tank-engine

No Matter What Happens, There's Always Trump's Infrastructure Plan

Roads and bridges are a lot nicer to think about than looming trade wars and constitutional crisis.

(Apologies to William Blake)

Stephen Feinberg Wants To Work His Private Equity Magic On The Intelligence Community

If a substantially weakened and easier-to-manage intelligence community is what Trump's after, Feinberg's the man.

gary cohn shrug

Ex-Goldmanite Elder Care Worker Baffled By Bitcoin

Gary Cohn could use a refresher course here.