Coca-Cola may use more plastic bottles to offset Trump’s aluminum tariff
Coca-Cola CEO James Quincey suggested using more PET plastic bottles if needed to offset President Donald Trump’s 25 percent tariffs of U.S. aluminum imports.
Coca-Cola earnings pop but CEO James Quincey says Trump’s new aluminum tariffs could spark plastic surge in 2025
James Quincey told investors that Coca-Cola could pivot to more plastic packaging if aluminum prices surge due to Trump's 25% import tax on steel and aluminum.
Coca-Cola says it may use more plastic bottles if Trump tariffs on aluminum take 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 .
Coca-Cola, Ford CEOs React to Trump’s Steel and Aluminum Tariffs
CEOs of leading car companies in America, meanwhile, are concerned that Trump’s tariffs could upend an entire industry. “ What we’re seeing is a lot of cost, and a lot of chaos ,” said Jim Farley, CEO of Ford (F), while discussing the administration’s measures during an investment conference yesterday, as reported by CNBC.
Will Trump’s tariffs on aluminum hit growth in beverage cans?
Beer and soda packaged in beverage cans could be affected by the new tariffs - with beverage giant Coca-Cola saying it may turn to more plastic bottles as a result.
Coca-Cola says it will sell more soda in plastic bottles if aluminum tariffs take effect
Coca-Cola can also find domestic aluminum sources and increase the price for customers, CEO James Quincey said.
Trump aluminium tariffs may mean Coca-Cola uses more PET, CEO says
The Coca-Cola chief executive was asked to quantify how much the company might have to change its use of packaging mix in the event of Trump’s tariffs coming into effect. “Loo
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