RIO DE JANEIRO, April 3 (Reuters) - Brazilian gunmaker
Taurus Armas expects its production line in the
United States to help it minimize the impact of tariffs imposed
on Wednesday by U.S. President Donald Trump, its chief executive
Salesio Nuhs told Reuters.
Taurus is one of the world's largest gun manufacturers and
mainly produces handguns and small arms for both private
consumers and security forces.
Currently, 85% of the 7,000 weapons manufactured daily at
its Brazilian factories are exported to the U.S. market,
according to the executive. It has daily production capacity for
another 3,000 weapons at its U.S. facilities.
"We are keeping a close eye on the consequences of the
tariffs," Nuhs said in an interview at the LAAD defense
conference in Rio de Janeiro on Wednesday, ahead of Trump's
announcement of a 10% levy on Brazilian exports to the U.S.
Taurus earlier this week also announced a memorandum of
understanding aimed at acquiring Turkey's Mertsav and eyes
completing the deal in the second half of 2025, which would
increase its product portfolio.
"We will be the only company in the world to offer a diverse
portfolio, from the .22 caliber to the .50," Nuhs said. "The
purchase of the Turkish company could speed up our decision,
which has already been made, to make the .50 (machine gun)."
Taurus is also eyeing the Saudi market, the executive added,
adding that it could soon sign a joint venture deal with a local
company. A proposal has been submitted to the Saudi government
and awaits its analysis, Nuhs said.