The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

World News

Chipotle to expand to Mexico amid Trump trade war with U.S. neighbor

by admin April 22, 2025
April 22, 2025
Chipotle to expand to Mexico amid Trump trade war with U.S. neighbor

Chipotle Mexican Grill will open its first location in Mexico early next year as the latest stage in its international expansion.

The company announced Monday that it has signed a development agreement with Alsea, which operates Latin American and European locations of Starbucks, Domino’s Pizza and Burger King, among other chains.

After the initial restaurant opens in 2026, Chipotle plans to explore “additional expansion markets in the region,” which could mean broader Latin American development.

The deal to expand in Mexico comes as President Donald Trump wages a trade war with the country, straining the relationship between the two neighbors. Avocados from Mexico were originally subject to a 25% tariff until he paused new duties on goods compliant with the United States-Mexico-Canada Agreement. While Chipotle has diversified its avocado sourcing in recent years, it still imports about half of its avocados from Mexico.

In recent years, Chipotle has been trying to expand internationally, after decades focusing almost entirely on its U.S. business. The company operates 58 locations in Canada, 20 in the United Kingdom, six in France and two in Germany. Chipotle also currently has three restaurants in Kuwait and two in the United Arab Emirates through a deal with Alshaya Group.

Chipotle is betting that Mexico’s familiarity with its ingredients and appreciation for fresh food will win over consumers, according to a statement from Nate Lawton, Chipotle’s chief business development officer.

But U.S. interpretations of Mexican food don’t always resonate in the market; Yum Brands’ Taco Bell has twice attempted to expand into Mexico, but both efforts failed quickly.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
The Best Five Sectors, #16
next post
’60 Minutes’ producer leaves show, citing a loss of journalistic independence

Related Posts

From Chili’s to burger chains, here are the...

December 17, 2024

Store closures hit highest level since pandemic —...

January 25, 2025

Tesla shares fall after deliveries drop 8.5% from...

April 3, 2024

Home prices soar even higher in February, despite...

May 4, 2024

Vince McMahon settles with SEC over hush money...

January 11, 2025

Affirm announces JPMorgan Chase merchants can now offer...

March 27, 2025

Philip Morris to invest $232 million to expand...

August 29, 2024

College protesters want their schools to divest from...

April 26, 2024

Ad revenue should stabilize for media companies in...

December 31, 2024

Wayfair to open its first large store, as...

May 18, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Recall warns some Celsius energy drink cans accidentally contain alcohol

      July 31, 2025
    • Trump ends de minimis exemption for global low-cost goods

      July 31, 2025
    • The Real Drivers of This Market: AI, Semis & Robotics

      July 31, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      July 31, 2025
    • Top GOP senator demands probe into whether Jack Smith ‘unlawfully’ tried to influence 2024 election

      July 31, 2025
    • SCOTUS to discuss Ghislaine Maxwell’s case privately in September at post-summer conference

      July 31, 2025

    Categories

    • Business (1,315)
    • Politics (4,132)
    • Stocks (1,557)
    • Uncategorized (45)
    • World News (1,308)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thetraderharbor.com | All Rights Reserved