Hold onto your sodas and steering wheels! US beverage and automotive industries are bracing for impact as former President Donald Trump's 25% tariffs on steel and aluminum imports threaten to drive up prices. With CEOs of major brands like Coca-Cola and Ford sounding the alarm, here's the lowdown on how this could hit your wallet.
Coca-Cola's Fizz Factor at Risk?
🚨 Coca-Cola's CEO recently flagged that higher metal costs from tariffs could squeeze production budgets. Aluminum is key for soda cans—and pricier materials might mean your go-to six-pack gets a bubbly price tag. 💸 "We're exploring efficiencies," the exec said, hinting at potential cost-cutting measures—or worse, passing costs to consumers.
Ford Revs Up Concerns
🏎️ Ford’s leadership warned that tariffs could "disrupt supply chains and inflate vehicle prices," putting affordable electric cars and trucks in the slow lane. As EVs rely heavily on specialized metals, eco-friendly rides might become a luxury few can afford. "This isn't just about profits—it’s about progress," a spokesperson stressed.
🌍 Analysts say the ripple effects could extend globally, reshaping trade dynamics and consumer markets. Will Congress pivot? Or will your next cola or crossover SUV come with a premium? Stay tuned. 📈
