Trump's Mexico Tariffs Could Raise Prices at Chipotle
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2019-06-03
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Trump's Mexico Tariffs Could
Raise Prices at Chipotle The U.S. president has threatened a 5% tariff
on Mexico imports unless the country
helps with the immigration crisis. Come October this year, the tariffs
could be at 25%. This would hurt Chipotle, who
uses many items from Mexico. Chipotle CFO Jack Hartung says that
company costs would jump as much
as $15 million in 2019. Hartung does add that the chain can pass
this hurdle by raising prices on food items. Hartung goes on to say that
Chipotle could start buying
processed items like avocados. But in turn, he admits the quality of the food
would take a downturn. Chipotle CFO Jack Hartung, via statement
Raise Prices at Chipotle The U.S. president has threatened a 5% tariff
on Mexico imports unless the country
helps with the immigration crisis. Come October this year, the tariffs
could be at 25%. This would hurt Chipotle, who
uses many items from Mexico. Chipotle CFO Jack Hartung says that
company costs would jump as much
as $15 million in 2019. Hartung does add that the chain can pass
this hurdle by raising prices on food items. Hartung goes on to say that
Chipotle could start buying
processed items like avocados. But in turn, he admits the quality of the food
would take a downturn. Chipotle CFO Jack Hartung, via statement
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