Coca-Cola says it may use more plastic bottles if Trump tariffs on aluminum take effect
CBSN
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.
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