US EditionTariffs Threaten to End AriZona's 99-Cent 'Big Can' Price for First Time
AriZona faces rising aluminum costs from a 50% U.S. tariff on imports, threatening the company's 30-year pricing model of 99-cent iced tea cans sold nationwide.
- In a recent interview with The New York Times, Don Vultaggio warned that President Donald Trump’s 50% aluminum tariffs may force AriZona’s iconic 99-cent iced tea to rise for the first time in over 30 years.
- Following the June 3 tariff increase, AriZona Iced Tea, which uses about 100 million pounds of aluminum, faces higher costs as 20% is imported from Canada.
- AriZona sells more than two billion cans annually, generating over $4 billion in sales, despite tariffs affecting 100% of its aluminum.
- That could force the company to raise its 99-cent price for the first time in over 30 years, Don Vultaggio warned.
- Critics argue PNC Chief Economist Augustine Faucher said companies like AriZona have few ways to blunt the impact, warning tariffs would drive higher consumer inflation.
Insights by Ground AI
Does this summary seem wrong?
70 Articles
70 Articles
AriZona Iced Tea May Raise Price After Three Decades Thanks To Trump's Tariffs—And People Are Not Ok
People aren't doing too well after AriZona CEO Don Vultaggio said he is now considering raising the price of the company's 22-ounce tallboy iced teas—which for decades have been priced at exactly $0.99 per can—because of President Donald Trump's tariffs.The company is looking at changing course for the first time following Trump's announcement in June that he’s doubling tariffs on aluminum and steel imports from 25% to 50%.The company, which sel…
WSB_TV Atlanta 2+6 Reposted by 6 other sources
AriZona Iced Tea’s 99-cent price may soon be a thing of the past
After almost 30 years, the 99-cent price tag that AriZona is known for could go away.
·Atlanta, United States
Read Full ArticleCoverage Details
Total News Sources70
Leaning Left15Leaning Right1Center46Last UpdatedBias Distribution74% Center
Bias Distribution
- 74% of the sources are Center
74% Center
L 24%
C 74%
Factuality
To view factuality data please Upgrade to Premium
