Why Trump’s aluminum tariffs won’t raise the price of your can of Coke
CNN
American consumers don’t need to fret about President Donald Trump’s tariffs on aluminum raising the price of their can of soda.
American consumers don’t need to fret about President Donald Trump’s tariffs on aluminum raising the price of their can of soda. Two weeks ago, Trump announced a 25% tariff on all steel and aluminum imports into the United States that would go into effect March 12, worrying some soda drinkers that another staple will take more out of their wallet. But shortly after the executive order, beverage companies began assessing what the tariffs could mean for their industry — and the results weren’t too concerning. Coca-Cola CEO James Quincey suggested the company could move away from using aluminum and increase production of other packaging materials to ensure affordability and meet consumer demand. “If aluminum cans become more expensive, we can put more emphasis on (plastic) bottles,” Quincey said in the company’s fourth-quarter earnings call on February 11. The tariffs will likely have almost no impact on consumer prices, according to Adam S. Hersh, a senior economist at the Economic Policy Institute.
