Coca-Cola Raising Prices Because Of Aluminum Tariffs

NEW YORK (CNN Money) – America’s favorite soda is the latest victim of the Trump administration’s tariffs. Coca-Cola has hiked up the prices of its carbonated drinks because the recently enacted 10 percent tariff on imported aluminum has made Coke cans more expensive to produce.
CEO James Quincey admitted on the company’s earnings call Wednesday that the hike was “disruptive,” but necessary.
“Obviously, while [customers] may understand the cost pres