Don’t Worry: 20% Mexican Import Tax Nowhere Near Reality Yet

Dear Client:Yesterday we reported that President Trump's press secretary, Sean Spicer, told reporters that "the president would pay for the border wall by imposing a 20 percent tax on imports to the United States, which he said would raise billions of dollars," per New York Times.That's likely what caused Constellation stock to drop in the last hour or so of trading, around the time of Sean's comments, from about $152 and change to just below $150.But wait, hold on, this