Embraer (ERJ) sees a potential impact of 20 billion reais ($3.58 billion) by 2030 if the US implements higher tariffs, Bloomberg reported Tuesday, citing Chief Executive Francisco Gomes Neto.
The CEO said in a conference call that higher tariffs would impact Embraer's cash position and hiring. A 50% US tariff would result in a $9 million rise in the cost per airplane, he said, according to the report.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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