Coca-Cola prices on the rise

Posted at 2:54 AM, Jul 27, 2018
and last updated 2018-07-27 02:54:05-04

If you want to sit back this summer with a cold Coca-Cola in your hand, it'll cost you a bit more.

The soft drink giant is raising its prices in response to the impact of President Trump's recent tariffs.

The company told the Wall Street Journal the price hike is meant to compensate for increases in delivery costs and metal prices.

It comes after the president imposed billions of dollars in tariffs on Chinese goods earlier this year.

Coca-Cola is just one company caught in the cross fire of rising U.S. trade tensions.

Tariffs on steel and aluminum are having an impact on Whirlpool, GM, Ford and Fiat Chrysler.