Chipotle Mexican Grill says its 2019 costs could rise by about $15M if President Trump’s proposed Mexico tariffs are enacted, and that the tariffs could possibly lead to raised prices.
Chipotle Mexican Grill said it expects its 2019 costs could rise by about $15 million if President Donald Trump’s proposed tariffs on Mexican imports are enacted, and possibly lead the fast-food chain to raise prices.
Chipotle was already expecting food costs in the second quarter to be 1 percent higher than the first quarter due to rising avocado prices, but tariffs would mean prices could be even higher.beginning June 10 if the country doesn’t help prevent the flow of illegal immigrants, mostly from Central America, over the U.S. southern border. Under Trump’s plan, the tariffs would gradually increase and could rise as high as 25 percent by October.
“We know that we could easily solve the volatility in our supply chain by purchasing premashed or processed avocados, which would be cheaper, readily available and provide stability, but we are committed to our brand purpose and upholding our food with integrity principles,” Hartung said. “We believe that using whole, fresh ingredients and making guacamole by hand in our restaurants each day leads to better tasting guacamole that our customers deserve and expect from Chipotle.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Chipotle could raise burrito prices to cover the $15 million impact of Trump's tariffsChipotle could raise burrito prices by roughly five cents in response to President Donald Trump's proposed tariffs on Mexican imports.
और पढो »
Chipotle could raise burrito prices by 5¢ if Mexico tariffs become permanentIf President Trump's proposed tariffs on Mexican products go through, Chipotle burritos could get a little more expensive.
और पढो »
Former Mexican Ambassador To U.S. Says Latest Tariffs Will Backfire On TrumpDonald Trump's threat to impose tariffs on Mexican goods will “boomerang,” warns Arturo Sarukhan, Mexico’s former ambassador to the U.S.
और पढो »
Businesses warn Trump of consequences of new Mexican tariffsWASHINGTON (AP) — Despite pushback from U.S. business, Mexico and Capitol Hill, President Donald Trump doubled down Friday on his threat to slap a 5% tariff on Mexican imports unless America's...
और पढो »
Mexican president optimistic Trump will reverse tariff planTrump’s actions caught Mexican officials off guard and stirred fears of a prospective financial crisis in Mexico, where a long-sluggish economy is heavily dependent on cross-border trade.
और पढो »
Mexican president says country will 'overcome' Trump threats, urges national unityMexico's president says he will respond with ‘great prudence’ to threats by Trump to slap tariffs on Mexican goods entering the U.S.
और पढो »
U.S. Auto Makers Sweat Under Threat of Tariffs on Mexican ImportsPresident Trump’s threat to impose escalating tariffs on Mexican imports foists fresh bad news on the U.S. auto industry, which had pinned hopes on a tentative deal reached last year to preserve free trade between the countries.
और पढो »
Tariffs on Mexican imports will ripple across the US economyIt's not only about avocados and auto parts. Imports from Mexico can be found in almost every part of the US economy.
और पढो »
Trump is 'absolutely deadly serious' about Mexico tariffs, says acting White House chief of staff'I fully expect these tariffs to go onto the at least 5 percent level on June 10th,' Mick Mulvaney said.
और पढो »