Chipotle could raise burrito prices by roughly five cents in response to President Donald Trump's proposed tariffs on Mexican imports.
The tariffs suggested by Trump could increase Chipotle's costs by roughly $15 million in 2019. Last week, Trump tweeted that the US would impose a 5% tariff on all Mexican imports. Chipotle is considering raising burrito prices by about a nickel, as the chain weighs its options for covering the cost of President Donald Trump's proposed tariffs.
The tariffs suggested by Trump could increase Chipotle's costs by roughly $15 million in 2019. Last week, Trump tweeted that the US would impose a 5% tariff on all Mexican imports. Chipotle is considering raising burrito prices by about a nickel, as the chain weighs its options for covering the cost of President Donald Trump's proposed tariffs.
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