Trump did pretty much the same with steel and aluminum tariffs during his first term. But they took a toll last time,

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.

The president’s plan to impose 25 percent tariffs on foreign steel and aluminum could protect U.S. suppliers, while increasing costs for others.