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Cola raises prices for soda due to aluminum tariffs



America's favorite lemonade is the latest victim of the Trump administration tariffs.

Coca-Cola has raised its prices for carbonated drinks because the recently introduced 10% tariff on imported aluminum has made the production of cans more expensive. [196592002] CEO James Quincey admitted in the company's earnings advisory round Wednesday that the rise was "disruptive" but necessary.

"Of course, [customers] can understand the cost pressures on the cargo, the rise of steel and aluminum, and other input costs that affect the bottling system and affect some of our finished products, these conversations are clearly difficult," he said on the call ,

A Coca-Cola spokesman told CNNMoney that the increases will vary depending on the retailer. The company said it was up to the stores to determine if consumer prices should be raised.

"We did not comment on specific price increases in the US as they differed by distribution channel and customer (a distributor selling our products) .Please note that increases are made at the customer level and customers are discretionary Asked What Consumers Have to Pay on the Shelf.

In March, Secretary of Commerce Wilbur Ross said aluminum tariffs are "a lot against nothing," and US customers would not notice.



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