Coca-Cola CEO James Quincey suggested using more PET plastic bottles if needed to offset President Donald Trump’s 25 percent tariffs of U.S. aluminum imports.

Leaders of soda makers, local breweries and major automakers across the U.S. are scrambling to prepare for the impacts of incoming tariffs on steel and aluminum imports that are essential to their production. Announced by the Trump administration earlier this week, the 25 percent tariffs are expected to take effect on March 12.

The drinks company imports aluminum for its cans from Canada, which is likely to be hardest hit by a 25% tariff on aluminum.

The beverage giant is ready to manage, mitigate and adjust to the “dynamic macro environment,” including potential tariffs imposed on steel and aluminum imports into the US and regulatory changes to food ingredients,

President Trump’s tariffs on aluminum could make Coca-Cola more expensive. Coca-Cola CEO James Quincey said the company imports aluminum for its cans from Canada, and is looking for ways to mitigate any price increases that new tariffs could bring. Mr. Trump on Monday announced a 25% tariff on steel and aluminum.

Coca-Cola Co. may have to source more PET for its drinks sold in the US in the wake of President Trump’s planned tariff on steel and aluminium imports.

James Quincey, Coca-Cola CEO, joins 'Money Movers' to discuss the company's earnings beat, U.S. growth and the state of the consumer.