Key Takeaways Chipotle gets half its avocados from outside Mexico, according to CEO Scott Boatwright; meanwhile, the U.S. imports more than 90% of its avocados, and Mexico accounts for nearly 90% of those imports,

Chipotle Mexican Grill said Tuesday that it does not expect costs to rise much if tariffs on key imported ingredients go into effect next month, noting that only about half of its avocados come from Mexico.

The last-minute deal had echoes of Trump's first administration, when he threatened Mexico with tariffs and Sheinbaum's predecessor Andrés Manuel López Obrador defused the threat, sending thousands of troops under his newly created National Guard to deter migrants from crossing the border.