Coca-Cola Company on Wednesday said they will raise the price of their signature sodas this year in part because of the financial strain caused by President Trump’s tariffs.
Coca-Cola’s Chief Executive James Quincey told the Wall Street Journal that they are stepping up prices in response to the rising costs of delivery and metal prices after the U.S. slapped $50 billion duties on Chinese products earlier this year.
He declined to give further details about the price change and pointed to multiple factors influencing the change.
“There is some broad-based push on input costs that have kind of come in and affected ours and many other industries as well,” Quincey told the Journal.
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JUST IN: Coca-Cola says it's raising soda prices after Trump tariffs https://t.co/FYwzwaxLkg pic.twitter.com/P5nr6ErZYP
— The Hill (@thehill) July 26, 2018
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