Coca-Cola may use more plastic if Trump aluminum tariff takes effect
President Trump's tariffs on aluminum could make Coca-Cola more expensive.
Coca-Cola CEO James Quincey said the company imports aluminum for its cans from Canada, and is looking for ways to mitigate any price increases that new tariffs could bring. Mr. Trump on Monday announced a 25% tariff on steel and aluminum.
Quincey said on the company's earnings call Tuesday that if the tariffs go into effect, making aluminum cans more expensive, the company could start selling more beverages in plastic bottles.
"As it relates to our strategies around ensuring affordability and ensuring consumer demand, if one package suffers some increase in input costs, we continue to have other packaging offerings that will allow us to compete in the affordability space," Quincey said. "For example, if aluminum cans become more expensive, we can put more emphasis on PET [plastic] bottles, et cetera."
https://finance.yahoo.com/news/coca-cola-may-more-plastic-182945912.html
Heckuva job Trumpy.