Trump brings sugar revolution for Coca-Cola: Is corn syrup a thing of the past?
Donald Trump announces sugar cane sweetener for Coca-Cola, impacting corn syrup market and stock prices.
Trump brings sugar revolution for Coca-Cola: Is corn syrup a thing of the past?
US President Donald Trump recently announced a notable change in how Coca-Cola is manufactured in the US. The plan is for the soft drink to be sweetened with sugar cane in the future instead of exclusively with corn syrup. This decision came after discussions between Trump and Coca-Cola executives, who agreed to the change. However, it remains unclear whether sugarcane will completely replace corn syrup or whether both sweeteners can be used in parallel. Coca-Cola has spoken positively about Trump's involvement and said it will soon announce more details about new products. The current practice of sweetening Coca-Cola with high fructose corn syrup since the 1980s could be undergoing a fundamental change.
Corn syrup has been the sweetener of choice in the United States for decades because it is cheaper, sweeter and has a longer shelf life. However, Trump's Health Secretary Robert F. Kennedy Jr. has criticized the high fructose content of corn syrup as unhealthy. Trump himself is known for his consumption of sugar-free Diet Coke and claims that Coca-Cola with sugar made from sugar cane is “just better.” What's interesting is that Trump's announcement also had an immediate impact on the stock market, as shares of the Archer-Daniels-Midland Company, a major producer of corn syrup, fell around six percent after the announcement. This points to the economic implications of Trump's announcement. T-Online reports about the reactions and developments on this topic.
Support from companies
Trump's announcement comes as he is receiving significant financial support from corporations and wealthy entrepreneurs for his 2024 presidential campaign. Key supporters include companies in the oil and gas, technology and financial sectors, which have each donated millions to Trump's campaign. Major donors include industry giants such as Chevron, ExxonMobil and Amazon, all of which have donated millions each. The cryptocurrency industry has also made significant contributions with companies like Coinbase and Kraken.
Prominent donors include Elon Musk with $290 million and Timothy Mellon with $150 million. The support extends not only to financial contributions, but also to adjustments in diversity and inclusion policies at companies like Meta and Amazon, especially since Trump's executive order on federal programs in this area. These developments are from Newsweek captured.
Political and economic effects
The announcement and supporting donations demonstrate the continued strong connection between the US economy and politics under Trump. Positive perceptions of his economic policies and immigration could help boost his approval ratings. In some states, including New York, polls show rising support for Trump, suggesting his political strategies could hold potential for sustained elections.
Overall, the decision to sweeten Coca-Cola with sugar cane could have important implications for the American food industry, as well as for Trump's political agenda and corporate support.