Thursday, July 26, 2018

Coke is Raising Its Soda Prices Because of Rising Costs Including Trump's Metals' Tariffs

Coca-Cola Co. has announced that it will take the unusual step of raising prices on its carbonated sodas in the middle of the year.

Chief Executive James Quincey said the price move was in response to rising costs, including higher freight rates and metal prices after the U.S. placed tariffs on Chinese imports earlier this year.

“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 said.