Coca-Cola reported better-than-expected earnings in the first quarter and said the impact of tariffs on its business are likely to be “manageable.”

Stock gains as quarterly profit beats expectations, while revenue slipped as growth in case volume and price was offset by negative currency moves.

Coca-Cola Co. posted quarterly profit that beat Wall Street expectations as price-conscious consumers continued to purchase the company’s beverages despite worsening sentiment.

The drop-off in bookings could lead to empty store shelves this summer as retailers deem China-made goods too expensive to import.

Tariffs on imported goods from China currently sit at an eye-popping 145 percent—and up to 245 percent for some products.  While reports also suggest President Donald Trump may dial back the tariff levels any day now,

China on Monday said it was on the right side of history in its gruelling trade war with the United States. Recall that the US President Donald Trump, since returning to the presidency in January, has imposed 10 per cent tariffs on most US trading partners and a separate 145 per cent levy on many products from China.