Coca-Cola Raises Prices On Trump’s Favorite ***** Over Tariffs
Trade wars go better with more expensive ****.
Coca-Cola has hiked prices on its carbonated drinks because President Donald Trump’s 10 percent tariff on imported aluminum has made cans for **** and other sodas more expensive to make.
The price boost for **** ― a ***** Trump loudly ordered during a secretly recorded conversation with his former personal attorney Michael Cohen ― was “disruptive” but necessary given the extra cost of the tariffs, Coca-Cola CEO James Quincey said. Specific increases will depend on individual stores, a company spokesman told CNN Money.
This increase is just one of a number of price hikes on goods ― including boats, motorcycles, campers, furniture and **** ― bringing the high cost of the tariffs home to American consumers.
“We’ve had to go to the market a bit more frequently and a bit more aggressively with some price increases as of late,” Michael Happe, CEO of recreational-vehicle manufacturer Winnebago Industries, told The Wall Street Journal.
Although Happe wouldn’t provide specifics on Winnebago price hikes, he said the company remains concerned about the tariffs, a murky future in trade tensions and increasing inflation.
“Uncertainty is never a great thing for the economy and the more noise there is there’s a risk that consumers will press pause,” he said.
According to the Labor Department, consumer prices rose 2.9 percent in June from a year earlier, the highest rate in more than six years. Producer prices have also climbed to the highest level in years.
In a CNBC interview last March, Commerce Secretary Wilbur Ross held up a ****, a Budweiser and a can of Campbell’s soup in a bid to make the point that tariffs are “nothing” and that consumers wouldn’t notice. He predicted the price of a can of soup would increase about “six-tenths of a cent,” adding: “Who in the world is going to be too bothered by six-tenths of a cent?”
The **** Institute, a trade group representing **** producers, estimated that the aluminum tariff would cost brewers $348 million and could lead to the loss of more than 20,000 jobs in the industry.
