Embraer, the Brazilian aircraft manufacturer, has warned that punitive tariffs threatened by Donald Trump on imports from the country could add $9mn to the price of each plane bought by US airlines.
Francisco Gomes Neto, chief executive, said aircraft production might have to be slowed or stopped if US customers refused to pay the higher price, and that tariffs could delay his company’s purchase of up to $20bn worth of American-made parts and equipment over the next five years.
Embraer, the world’s largest civil aircraft manufacturer after Airbus and Boeing, is seen as one of the companies most exposed to Trump’s threat to impose a 50 per cent tariff on all Brazilian imports from August 1.
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