Coca-Cola says Trump tariffs could force it to increase use of plastic in US Introduction of 25% tariffs on steel and aluminium imports could push up canned food and drink prices.
The drinks company’s warning follows Trump’s introduction of 25% tariffs on foreign steel and aluminium entering the US, which could push up the prices of canned food and drink.
Coca-Cola’s chief executive, James Quincey, said it imports aluminium for its drinks cans from Canada, meaning it is looking for ways to mitigate any price rises resulting from the tariffs and could be forced to switch to plastic bottles.
Coca-Cola has said it may have to increase its use of plastic in the US, if Donald Trump’s tariffs raise the cost of aluminium cans.
Trump imposed tariffs on foreign steel and aluminium imports in 2018 during his first term in office, although many drinks can makers won exemptions from penalties.
