In a move that’s shaking up the market, US President Donald Trump has imposed a 25% tariff on steel and aluminum imports. This decision is set to have a ripple effect on various industries, particularly beverages and automobiles.
Leading the charge, Coca-Cola and Ford are bracing for the potential price hikes that these tariffs could bring. 🚗🥤
Coca-Cola CEO has expressed concerns that the increased costs of steel and aluminum could lead to higher production expenses. \"We are evaluating our supply chain and exploring ways to mitigate the impact of these tariffs,\" the CEO stated.
On the automotive front, Ford is also feeling the heat. The company's leadership has noted that the tariffs may result in increased prices for consumers. \"Our priority is to maintain affordability without compromising on quality,\" said the Ford CEO.
Both companies are actively seeking strategies to navigate this new trade landscape, ensuring that consumers continue to enjoy their products without significant price jumps.
Stay tuned to amigonews.net for more updates on how these tariffs will affect your favorite brands and the broader market.
Reference(s):
cgtn.com
