US Edition
Embraer Faces Turbulence: Tariffs Threaten Aviation Giant's Revenue
SAO JOSE DOS CAMPOS, STATE OF SÃO PAULO, JUL 15 – Embraer CEO warns that proposed 50% U.S. tariffs could cause revenue losses comparable to COVID-19 and add nearly $9 million to production cost per aircraft, impacting supply chains.
- U.S. President Donald Trump plans to impose a 50% tariff on Brazilian imports starting August 1, threatening Embraer’s core sales in the U.S. market.
- This tariff stems from trade tensions linked to Trump’s criticism of criminal charges against former Brazilian President Jair Bolsonaro.
- Embraer CEO Francisco Gomes Neto warned the tariff could increase each plane’s cost by about $9 million, risking order cancellations and disrupting production.
- Gomes Neto described the tariff as a “near-embargo” that could destabilize Embraer’s manufacturing and supply chains, causing annual losses of roughly $358 million.
- On July 16, Brazil announced plans to engage in discussions aimed at overturning the tariff decision, emphasizing the very short timeframe before implementation, as stated by Vice President Geraldo Alckmin.
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Trump's 50 Pct Tariff on Brazilian Goods Could Render Exports Unfeasible, Embraer Warns - teleSUR English
U.S. clients account for 45 percent of Embraer’s commercial airline aircraft exports and 70 percent of its executive jets. On Tuesday, Francisco Gomes Neto, the CEO of Brazilian aircraft manufacturer Embraer, warned that a 50 percent U.S. tariff on Brazilian goods would raise the cost of each Embraer aircraft by nearly US$9 million. RELATED: NATO Chief Mark Rutte Threatens Brazil, India, and China with Secondary Sanctions Over Russia-Related Pea…
The Brazilian rival to Boeing and Airbus warned that Trump's planned 50% tariffs will hit it as hard as COVID-19
Embraer CEO Francisco Gomes Neto.SAJJAD HUSSAIN/AFP via Getty ImagesEmbraer's CEO warned tariffs could harm the company as much as the pandemic did.Trump has proposed a 50% levy on Brazilian exports.Nearly half the company's regional airliners are exported to the US.The CEO of Brazilian planemaker Embraer has warned that tariffs could be as damaging as the pandemic.Donald Trump has threatened a 50% levy on Brazilian exports from August 1, unhapp…
Brazilian aircraft manufacturer Embraer has made it to number three on the world market and is now threatening to become a victim of the political dispute between the US and Brazil.
Embraer Faces Turbulence: Tariffs Threaten Aviation Giant's Revenue
Embraer Faces Turbulence: Tariffs Threaten Aviation Giant's Revenue In a significant economic development, U.S. President Donald Trump's proposed 50% tariff on Brazilian imports could severely affect the revenue of Brazilian plane manufacturer Embraer. This caution comes from the company's CEO, Francisco Gomes Neto, who highlights potential impacts akin to those suffered during the COVID-19 pandemic, should the tariff be enacted.This move threat…
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