Coca-Cola may have to sell more drinks in plastic bottles in the US if President Donald Trump’s tariffs end up making aluminium cans more expensive, the company’s chief executive, James Quincey, said in a call with investors.

It comes after Trump ordered a 25% import tax on all steel and aluminium entering the US, which could end up driving up the price of canned food and drink items in the country.

In December, the beverage giant scaled down its sustainability target of using 50% recycled materials in its packaging by 2030, to using 35% to 40% by 2035.

In recent years, Coca-Cola had been selling more products in aluminium containers as part of its marketing and sustainability strategies.

  • Ghyste
    link
    fedilink
    arrow-up
    9
    ·
    8 hours ago

    They were looking for an excuse and were gifted with this.