PepsiCo Says Tariff Costs Will Contribute to Earnings Decline this Year
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PepsiCo, which imports soda concentrate to the U.S., said tariff costs would contribute to an earnings decline this year. The company also cited dampening of consumer confidence driven by the global trade war. Unlike rival Coca-Cola, PepsiCo makes the concentrate for nearly all of its U.S. sodas in Ireland.
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