Um, you know what. We do want to go back to DC because the White House just issuing an update on tariff rates on a slew of items. Aean Jabers with that too. Aean.>> Yeah, Melissa. This just within the past hour here from the White House. This is a 98page document.It's a list of exemptions to tariffs on a range of products. So, hundreds of products now uh being exempted from tariffs. We've been just going through it with our team over the past 45 minutes or so.Some of the items uh that are going to be exempt ...

Core Viewpoint - Chipotle plans to absorb the costs of potential tariffs imposed by the U.S. government on imports from Mexico and Canada, but may reconsider if these costs become a significant challenge [1][3]. Group 1: Tariff Impact on Chipotle - The company sources 2% of its ingredients from Mexico, including avocados, tomatoes, limes, and peppers, and less than 0.5% from Canada and China [2]. - If tariffs are implemented, it could lead to an ongoing impact of about 60 basis points on Chipotle's cost of sales [3]. - The U.S. is moving forward with a 25% tariff on imports from Mexico and Canada, along with an additional 10% levy on Chinese imports [3]. Group 2: Political Context and Reactions - Trump initially suspended the tariffs on Mexican and Canadian imports in January after agreements were made regarding border security and drug flow [4]. - The increase in tariffs on Chinese goods has already been implemented, leading to retaliatory measures from China, including tariffs on U.S. energy exports [5]. - There are concerns among retailers that the costs of tariffs will be passed on to American consumers, potentially increasing product prices or leading to inventory reductions [6].