Trade Policy - The White House released a 98-page document detailing tariff exemptions on a wide range of products [1] - Hundreds of products are now exempt from tariffs [1] - The tariff rollback is seen as a measure to address affordability concerns in American politics [3] - The White House aims to lower costs for American consumers by rolling back tariffs previously imposed by President Trump [4] Affected Products - Products exempted from tariffs include coffee, bananas, tomatoes, avocados, mangoes, and limes [2] - Other products receiving tariff exemptions include beef and copper [2]

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].