Embraer shares shoot 10% with aviation entry among Trump’s exceptions

Trump signs a 50% decree and officials against Brazil, Embraer shares fires more than 10% with the entry of the aeronautical sector between exceptions to the extra 40% rate on Brazilian products announced by Donald Trump, which total 50% and officializes the percentage mentioned by the Republican in Lula this month. Despite confirming the fare, the US government has decided to leave a series of items without charging. The list of more than 700 products that will not be overwhelmed has been disclosed along with the official decree. (Check it out on the list below) 📱 Bake the G1 app to see real -time and free news the investors were excited by the news because the tariffs could significantly raise aircraft prices. According to Embraer estimates, the company would have an additional cost of $ 50 million per plane. The expected impact was about $ 20 billion by 2030. At a press conference this month, Embraer President Francisco Gomes Neto said the impacts of the tariff would be as severe as those experienced during the Covid-19 pandemic. At the time, with restrictions and trips ban, Embraer fell 30% in revenue and had to reduce approximately 20% of its workforce. “Airplane is not commodity. We could not relocate because [tem aviões que] We only sell to the American market. Our largest market is for the US, there is no way to reposition this to other markets, ”said Gomes Neto. Unlike other sectors, aircraft sales contracts usually state that airlines archa with the import fares required by the destination country. Embraer, therefore, could not absorb this extra charge. With this increase in cost, ”explains Alberto Valerio, an analyst at UBS BB. As this scenario has not been confirmed, there is no reason for companies to cancel orders already made or postpone deliveries, as well as preserving the competitiveness of the company. In a statement, Embraer says that the decision of the US government confirms the positive impact and the strategic importance of Embraer activities to the Brazilian and American economies. Return to the zero fare rule for global aerospace industry. Most importantly, we support continuous dialogue between Brazilian and American governments and remain confident in a positive result for both countries, ”says the company. Who else was left out according to the text, also remain out of the additional fare products such as orange juice, fuels, vehicles and certain types of metals and wood. Exceptions are in the annex of the executive order and are valid from the date of vigor. The new tariff should significantly impact Brazilian exports. and metal structures. 🚗 Specific vehicles and parts: the rate does not apply to passenger vehicles such as sedans, SUVs, minivans and load vans, as well as light trucks and their parts and components. Aliquot. Fertilizers: Fertilizers widely used in Brazilian agriculture are exempt from the additional rate. Exempt products such as silicon, water iron, alumina, tin (in various shapes), precious metals such as gold and silver, ironiquel, Ferranióbic and ferrous products obtained by direct reduction of iron ore. Petroleum, bitumen, bituminous mixtures and even electricity. Personal use: Items included in luggage accompanied by passengers who arrive in the United States are exempt from the additional tax rate. Decision to apply the tariff was taken by President Donald Trump, who signed an executive order and declared a new national emergency to justify the measure. According to the US government, Brazil adopted a threat to national security, economy and foreign policy. According to the text, Brazil would be promoting political persecution against former President Jair Bolsonaro and his supporters, as well as adopting practices that violate human rights and weaken democracy. The document nominally mentions Minister Alexandre de Moraes of the Supreme Court (STF), accusing him of confidential orders to force American companies, provide data from user speeches, and to change their internal policies SEAL Threat of sanctions. One of the cases is that of Paulo Figueiredo, resident in the USA, who was being criminally prosecuted in statements in American territory.

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