Coca-Cola may use more plastic bottles in the future over cans in the wake of President Donald Trump’s announced 25% tariff on aluminum imports.
Coca-Cola may use more plastic bottles in the future over cans in the wake of President Donald Trump’s 25% tariff on aluminum imports."We were being pummeled by both friend and foe alike," Trump said earlier this week as he signed two proclamations on aluminum and steel tariffs, changing his orders during his first term that go into effect on March 12. "It’s time for our great industries to come back to America.
He admitted that the price increase as a result of the tariffs was not "insignificant," but said it would not "radically change" the business and that packaging is "only a small component."On Monday, Trump hiked his 2018 aluminum tariffs to 25% from 10%. He also removed the exceptions and exemptions from his 2018 tariffs on steel, meaning that all steel imports will also be taxed at a minimum of 25%.
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