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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCoke is raising prices, and it's citing Trump's tariffs
oke drinkers are likely to see prices for their favorite drinks rise this year, thanks in part to President Donald Trumps tariffs, the companys CEO said.
Coca-Cola CEO James Quincey told the Wall Street Journal this week that his company is taking the unusual step of raising prices of Coke, Diet Coke and the companys other favorites in the middle of the year in response to rising costs.
He cited steel and aluminum tariffs announced by Trump earlier this year as one of the causes of increased costs.
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.
Quincey said during a CNBC interview that rising costs, including freight, metal and labor, led to the need for higher drink prices.
https://www.msn.com/en-us/money/companies/coke-is-raising-prices-and-its-citing-trumps-tariffs/ar-BBL8hr0?ocid=mailsignout
greymattermom
(5,751 posts)Especially the sweet version? Maybe this is a good thing.
2naSalit
(86,040 posts)I think that stuff has no value unless it is heavily diluted with alcohol of some sort.
Blue_Adept
(6,384 posts)Guess I'm a drumpfophile.
Blue_true
(31,261 posts)Blue_Adept
(6,384 posts)Blue_true
(31,261 posts)Purists of any sort turn me off. I don't make a habit of drinking soda pop, but I occasionally drink it and have no hesitancy in saying that.
Ferrets are Cool
(21,059 posts)Blue_true
(31,261 posts)I take the bottle home for reclaim. Sometimes my days can be fast paced, I eat lunch really fast and the soda help burp me so that I don't have issues later. I don't drink anything but water at home.
samnsara
(17,570 posts)..what other drinks does COKE have?
Blue_true
(31,261 posts)democratisphere
(17,235 posts)Coke products were already ridiculously over priced and the taste of Coke has gone to hell.
Ohiogal
(31,657 posts)Diet Coke is Anusface's favorite drink, isn't it?
Two die hard Republican family members are addicted to the stuff .....
2naSalit
(86,040 posts)them to consume it.
underpants
(182,271 posts)I posted about it more than a month ago. We stock our machines at work so we buy directly from the Coke and Pepsi distributors. Pepsi's letter specifically cited tariffs as one of the reasons.
oberliner
(58,724 posts)Ohiogal
(31,657 posts)My son works in a discount grocery store. He sees people every day coming there to load up their carts with nothing but cases and cases of soda pop.
Blue_true
(31,261 posts)Soda provides cheap calories for poor people. I was born and raised poor, some of the stuff I eat and drinker then make me cringe now, but it kept us alive and I grew up reasonably healthy.
gollygee
(22,336 posts)How much of a difference could this make? A can is only a very small amount of aluminum, and not all pop comes in aluminum cans anyway.
Blue_true
(31,261 posts)BUT, the difference is down in the weeds, if it hurts a company, that company has much, much larger problems with profitability.
Norbert
(6,030 posts)One of our breweries cited tariffs. The top of the can is made in Canada.
The dumb ass will be pissed off at any any every America drink manufacturers for making him look bad. Eisenhower was definitely right when he said there is no limit . . . to how stupid people can get.
Hawaii Hiker
(3,165 posts)so if there weren't already enough reasons to hate Trump, these tarffs just adds another...
Wounded Bear
(58,437 posts)partly because they aren't compatible with my medical condition.
But also I started to realize, they are 95% water and are filled with various chemicals whose names I couldn't pronounce.
Meh, the Trump taxes will hurt me in many other ways, not this one.
PCIntern
(25,342 posts)obviously, many people don't drink soft drinks in cans, bottles, or at restaurants and that's fine. There are many of us who do and yes, they're filled with all kinds of ridiculous ingredients: you wanna know why orange or grapefruit soda tastes so good to those of us who like it? It's the Glycerated ester of wood rosin, OK?
But those of us who do drink it enjoy it, and it is one of life's pleasures for those of us who do, so this business people have of vilifying those who do drink it, or eat fast food occasionally, or don't eat veggie/vegan should really cease. Personal preferences within legal limits are just that, and I for one am not going to sit here idly by while someone states that if I drink Coke, I must be allied with evil forces in nature and politics.
In other words, Jesus H. Kerist, let me just drink my frigging soda, all right?
Blue_Adept
(6,384 posts)It's getting to the point where all the "fault finding" and
finger pointing about ..everything...is why I keep GD hidden.
Ferrets are Cool
(21,059 posts)Recursion
(56,582 posts)Driving up street prices now that he has all his free time