SAO PAULO, July 15 (Reuters) - The 50% tariff that U.S.
President Donald Trump plans to impose on Brazilian exports
starting in August could have an impact on the revenues of
planemaker Embraer ( ERJ ) similar to that of the COVID
pandemic, its CEO said on Tuesday.
Chief Executive Francisco Gomes Neto told reporters that the
tariffs could trigger canceled orders, deferred deliveries,
lower investments and possible job cuts. He said a 50% tariff
would be essentially a trade embargo on commercial jets, making
exports to U.S. airlines "unfeasible."