Reported 3 days ago
Embraer successfully avoided severe financial repercussions when U.S. President Donald Trump excluded its aircraft from hefty tariffs placed on Brazilian goods. Amid concerns from U.S. airlines that the proposed 50% tariffs would cripple deliveries, Embraer CEO Francisco Gomes Neto lobbied directly with key administration officials, emphasizing the company's vital role in regional flights and employment. Analysts noted that the exemption significantly boosted Embraer’s stock, marking it as a key beneficiary of the decision, while the company continues to face a 10% tariff on other Brazilian products.
Source: YAHOO