Mexican President Claudia Sheinbaum said her government would retaliate if President-elect Donald Trump moves forward with his threat to impose a 25 percent tariff on the country. The Morning Joe panel discusses.

While the announcement is almost certainly bluster to bring attention to illegal immigration and fentanyl smuggling, there are several reasons why it is so risky.

The tariffs could drive up the prices of Tequila, and Canadian whisky, increasing liquor costs for US consumers.