Chipotle CEO Scott Boatwright said that the company will absorb President Donald Trump's planned tariffs on neighboring nations until they cause a substantial challenge. "It is our intent as we sit here today to absorb those costs," Boatwright said in an interview with "NBC Nightly News." However, if costs become a "significant headwind," that could change, Boatwright said. The chief executive said during an earnings call earlier this month that the company sources 2% of its ingredients from Mexico, which includes avocados, tomatoes, limes and peppers, and less than 0.5%...
Chipotle CEO details how chain will handle Trump tariff costs
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Join Living Room Conversations, our civil dialogue partner, and America Indivisible for a nationwide conversation on April 13, Thomas Jefferson’s 276th birthday. "Reckoning with Jefferson: A Nationwide Conversation on Race, Religion, and the America We Want to Be" will be held via in-person and online video discussions. Sign up today!
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