Coca-Cola can also find domestic aluminum sources and increase the price for customers, CEO James Quincey said.

CEOs of leading car companies in America, meanwhile, are concerned that Trump’s tariffs could upend an entire industry. “ What we’re seeing is a lot of cost, and a lot of chaos ,” said Jim Farley, CEO of Ford (F), while discussing the administration’s measures during an investment conference yesterday, as reported by CNBC.

Beer and soda packaged in beverage cans could be affected by the new tariffs - with beverage giant Coca-Cola saying it may turn to more plastic bottles as a result.