Mariana Barbosa: Embraer says it will try to reestablish zero tariffs for the aeronautical sector

The US is Embraer's most important market. The company has been operating in the country for 45 years, with two factories, 3,000 employees, and over US$3 billion in assets. The company produces the Super Tucano fighter jet in Jacksonville and executive jets in Melbourne, both in Florida.

Currently, 24% of the company's revenue comes from exports to the USA.

The company did not provide further details about the impact on its operations and said it will address the issue during its next second-quarter earnings conference call on August 5.

"Embraer informs that it is evaluating the possible impacts on its business of the possibility of a tariff increase announced yesterday by the U.S. government on Brazilian products, if the decree applies to the aviation industry in Brazil. These impacts will be addressed in our next second-quarter earnings conference call on August 5th. The company is working with the appropriate authorities to reestablish the zero import tax rate for the aeronautical sector," the company said in a statement.

Power and Market is shown on Tuesdays and Thursdays, at 8 p.m., hosted by Raquel Landim and with commentary by Mariana Barbosa and Graciliano Rocha. This politics and economics program connects the major issues facing the National Congress with their impact on the financial market and people's daily lives.

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