The billionaire co-founder of Patron revealed an unfortunate truth of what will happen if President Donald Trump enforces a 20 percent tax on goods coming in from Mexico.
In an interview with CNN’s Erin Burnet, John Paul DeJoria explained that tariffs like those are passed onto consumers to offset the cost.
“If the tax comes across, we have to raise our prices,” he explained. “We can’t make the tequila in the United States. Our quality tequila has to be made in Mexico by law, we can’t make it here. So, it’s passed on to our distributor, onto the retailer, which will pass onto”
He said that doesn’t anticipate people will stop buying Patron, however, because people have standards and want to treat themselves to higher quality brands.
“It will be a few dollars more a bottle with the tax but the consumer in the United States will be paying for it, not the Mexican government. I think we have to take a different look at that.”
Burnet played a clip of Trump’s interview with the Christian Broadcast Network in which he explained that some of the taxes may get passed on to the consumer but that it creates jobs.
DeJoria said, “Not quite.”
“We have to really think this one out a little bit because oil, for example, and food is a commodity,” he explained. “If you raise the price by 20 percent because of whatever taxation there is, the consumer at the other end is going to pay for it. They’re going to pay for it across the line.”
He went on to say that Americans will be paying more for vegetables and gas that comes across the border.
“I do think they have to think this out a little bit more,” he urged Trump.
You can watch the full video below:
Kamala Harris leads 27 Senate Democrats in call for Trump to fire Stephen Miller
More than half the Democrats in the Senate have issued a letter to the White House calling on President Donald Trump to fire White House senior adviser Stephen Miller after leaked emails showed Miller promoting white nationalist outlets and ideology.
Sen. Kamala Harris, D-Calif., and 26 other Senate Democrats, including presidential candidates Elizabeth Warren, D-Mass., Bernie Sanders, I-Vt., Amy Klobuchar, D-Minn., Cory Booker, D-N.J., and Michael Bennet, D-Colo., signed the letter.
“We write to demand the immediate removal of Stephen Miller as your advisor,” said the letter, which was first obtained by HuffPost. “What is driving Mr. Miller” is “not national security, it’s white supremacy — something that has no place in our country, federal government, and especially not the White House.”
‘Any other attorney general would resign’: MSNBC’s Morning Joe scalds Barr for ‘lying’ about FBI
MSNBC's Joe Scarborough scalded Attorney General William Barr for lying about the inspector general report he ordered to justify President Donald Trump's conspiracy theories.
The Department of Justice's inspector general failed to find evidence of an FBI plot against Trump's 2016 campaign, but Barr publicly disagreed with those findings and insisted there was not enough justification to launch the Russia investigation.
"His lie about Barack Obama, you know, crawling around Trump Tower like bugging his phone, a lie," Scarborough said. "The lie from the attorney general of the United States, just shocking, that FBI agents, quote, 'spied,' spied on the president of the United States -- a lie."
These homes for mentally ill adults have been notoriously mismanaged. Now, one is a gruesome crime scene.
Oceanview Manor Home for Adults, a psychiatric group home at the center of a yearslong legal battle over the rights of people with mental illness, is now the scene of a criminal investigation involving the death of a resident and the arrest of another.
On the afternoon of Dec. 3, workers at the Oceanview Manor Home for Adults found resident Ann McGrory, 58, lying on the floor, lifeless, with her pants down around her ankles. She had cuts and bruises on her hands, head and face. By her side, seated atop his bed in Room 512, was resident Frank Thompson, 64, her sometimes-boyfriend who had a reputation at the home as a heavy drinker with a short temper. The aides called police. Thompson was brought into custody for questioning later that day and placed under arrest on Wednesday.