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Tags: coke | james quincey | tariffs | trade war | soft drink

Coca-Cola CEO Says Trump Tariffs Force Him to Raise Prices

Coca-Cola CEO Says Trump Tariffs Force Him to Raise Prices
Coca-Cola CEO James Quincey (Romuald Meigneux/AP)

By    |   Wednesday, 25 July 2018 10:59 PM

Coca-Cola CEO James Quincey said Wednesday the company will raise prices on its carbonated sodas in response to President Donald Trump's tariffs on imported steel and aluminum that have triggered retaliatory duties.

In an interview with CNBC, Quincey said, "We had to take with our bottling partners an increase [in prices] in our sparkling beverage industry in the middle of the year, which is relatively uncommon."

"That's the metal steel and aluminum going up. The labor going up."

Quincey told The Wall Street Journal he expects Coke's bottlers and retailers to pass along the higher prices to consumers.

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Newsfront
Coca-Cola will raise prices on its carbonated sodas in response to President Donald Trump's tariffs on imported steel and aluminum that have triggered retaliatory duties, according to CEO James Quincey on Wednesday.
coke, james quincey, tariffs, trade war, soft drink
99
2018-59-25
Wednesday, 25 July 2018 10:59 PM
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