Atlanta-based Coca-Cola said new tariffs on aluminum announced by the Trump administration will increase the cost of cans for its business of selling beverages in the U.S., but CEO James Quincey said the company has a series of strategies to adapt.

Coca-Cola Co. and PepsiCo Inc., both government contractors, are preparing to comply with President Donald Trump’s executive order banning diversity, equity and inclusion programs, according to people familiar with the matter.

James Quincey told investors that Coca-Cola could pivot to more plastic packaging if aluminum prices surge due to Trump's 25% import tax on steel and aluminum.

Beverage giant's boss says his company may need to action if aluminium cans become more expensive Coca-Cola may have to sell more drinks in plastic bottles in the US if President Donald Trump's tariffs end up making aluminium cans more expensive,

Coca-Cola (NYSE:KO) and PepsiCo (NASDAQ:PEP) are planning to comply with the Trump administration's new policy on diversity, equity, and inclusion programs, Bloomberg reported Thursday, citing sources.