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Tariffs will Increase Price of Coca-Cola

Coca-Cola said the price of coke will go up for several reasons, one reason is because of the tariffs on aluminum imports. The CEO James Quincey told CNBC,  “we had to take with our bottling partners an increase on our sparkling beverage industry in the middle of the year, which is relatively uncommon,”

“That’s the freight, that’s the metals, the steel, the aluminum going up, the labor going up.” It’s not quite clear how high the price hike is going to for consumers, a rep for coke told  BuzzFeed that, ” retailers will have discretion in what consumers are charged on the shelf.”

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