Coca-Cola may need to sell more drinks in plastic bottles in the United States if President Donald Trump's tariffs eventually make aluminum boxes more expensive, said company CEO James Queens in a call with investors.
He comes after Trump ordered a 25% tax on all steel and aluminum imports entering the US, which may be Raising the price of canned food and drink Items in the country.
In December, the drunk giant reduced its resistance target to use 50% recycled materials in its packaging by 2030 to use 35% to 40% by 2035.
Ecological groups have marked Coca-Cola as “Top global plastic pollutant” For six consecutive years.
“If a package suffered some increase in login costs, we continue to have other packaging suggestions that will allow us to compete in the accessibility space,” Quincy said.
“For example, if the aluminum boxes become more expensive, we can put more emphasis on pet bottles (plastic).”
The Coca-Cola chief also tried to minimize the impact of tariffs on his business, saying that the packaging was only a relatively small component of his company's costs.
In recent years, Coca-Cola has been selling more products in aluminum containers as part of its marketing and durability strategies.
Although they are generally more expensive, aluminum boxes are also much more recyclable than plastic bottles over time.
The United States is importing almost half of the aluminum it uses, according to the United States geological study, so 25% of the tariff for all imports will probably lead to canning to become even more expensive.
After Trump first ordered steel tariffs in 2018, many canned creators have won the “exceptions” of these imports taxes.
But this time Trump said there would be no exceptions to the rules for either individual products or specific countries.
In a separate stroke that is likely to contribute to plastic contamination, Trump signed Enforcement order The efforts of the US government to replace plastic straws with paper ends this week earlier this week.
The order turned a measure signed by former President Joe Biden, who called the plastic pollution “crisis”.