Coca-Cola may shift toward more plastic bottles under Trump aluminum tariffs: CEO

Group 1: Impact of Tariffs on Coca-Cola - Coca-Cola may need to shift focus to plastic bottles due to President Trump's 25% tariff on aluminum imports, which could affect the availability of Diet Coke in cans [1][2] - CEO James Quincey stated that while the price increase from tariffs is not insignificant, it will not radically change the business, as packaging costs are only a small component of overall expenses [2][3] Group 2: Aluminum Supply Chain - Approximately half of the aluminum used in the U.S. is imported, primarily from Canada, which means Coca-Cola will face increased costs if tariffs are implemented [3] - Canadian businesses have already begun to feel the effects of the tariffs, with some U.S. clients canceling orders [4] Group 3: Political Context and Responses - Canada's Minister of Innovation, Science and Industry expressed concerns that the tariffs could be damaging to the U.S. economy and emphasized the importance of maintaining critical supply chains [5] - President Trump's executive order aims to boost U.S. aluminum production and protect domestic industries from unfair trade practices [6]