CNN: the prices of products of the Coca-Cola increases due to new tariffs on aluminium

ECONOMY

NEW YORK, July 27. /Basereporter.com/. Prices on soft drinks Coca-Cola will increase due to the imposition by the administration of President Donald trump a 10% duty on aluminium, reported CNN, citing the statements of General Manager of the company James Quincy in the teleconference on corporate reporting for the second quarter.

“It is clear that although consumers may understand that there are factors influencing price growth, such as transportation costs, the cost of steel and aluminum, as well as other costs that affect the bottling of our products in the packaging, speak about it’s not easy,” brought the broadcaster of his word.

Referring to the representative of Coca-Cola, the broadcaster noted that the level of price increases on sodas will depend on the retailer. “We make no comments about specific aspects of raising prices in the US because they can depend on the distribution channel of products and the retailers that sell our products, he said. – It should be noted that the price increase could be on the level of the company receiving the products for sale. These companies may take a decision on the question, what is the price of goods on the shelves”.

On 23 March, the US imposed new tariffs on steel and aluminium products – 25% for steel and 10% aluminum. According to the plan of U.S. President Donald trump, the tariffs will allow the American steel industry to resume production at previously closed plants to increase total output and reduce the country’s dependence on import of steel and aluminum. As recalled in this connection, the broadcaster, at that time Minister of Commerce Wilbur Ross talked about the introduction of tariffs on aluminum as a “big fuss” and said that U.S. consumers will not suffer from this measure.

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