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 may use more plastic bottles to offset Trump’s aluminum tariff
Coca-Cola accounted for 11 percent of branded plastic pollution in the world, according to a study, and is one of the world’s top contributors to plastic pollution.
Coca-Cola Considers Shift to Plastic Bottles Amid Trump's Aluminum Tariffs, CEO Signals Strategy Change
Coca-Cola considers more plastic bottles amid Trump's aluminum tariffs, as CEO Quincey weighs cost strategies.
Trump tariffs force Coca-Cola to consider more PET packaging options
Coca-Cola may need to increase its use of polyethylene terephthalate (PET) packaging in the US due to the 25% tariff on foreign steel and aluminium introduced by the Trump administration. These tariffs are expected to drive up the cost of aluminium cans,
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.
Coca-Cola says it might have to turn to more plastic bottles because of Trump tariff
Atlanta-based Coca-Cola says that it may have to rely more on plastic bottles and other tools as it tries to offset the costs associated with President Donald Trump’s tariffs on aluminum. “It’s not insignificant,
Coca-Cola could use more plastic bottles in response to Trump tariffs
Coca-Cola’s exposure to aluminum and steel is a little more than a quarter of the company’s packaging mix, as of 2023 . Meanwhile, if Coca-Cola moved more product into plastic, it would expand a substrate that already accounted for nearly half of its packaging.
Coca-Cola may shift toward more plastic bottles under Trump aluminum tariffs: CEO
President Donald Trump could soon have a harder time finding cans of Diet Coke due to the tariffs on aluminum imports, as the soda giant imports its cans from Canada.
Coca Cola to increase plastic use or raise prices amid Trump's aluminium tariffs
The Trump administration’s new tariff policy will increase the duties on aluminium imports from 10% to 25%, beginning next month. This could lead to increased costs for products sold in aluminium cans, such as Coca-Cola’s popular beverage range.
Coca-Cola may use more plastic bottles to offset Trump’s aluminum tariff, CEO says
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 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 .
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