US tariffs on Brazil could hit Embraer revenue like COVID-19, says CEO

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 EMBR3.SA 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."