Latest News

Brazil's Embraer lag behind new US'milestones' amid trade tensions

Embraer announced on Thursday that it will announce in Washington what it called a "milestone for the Brazilian aircraft manufacturer" next week.

Embraer declined to comment further on the planned announcement, but industry sources stated that it would focus on increasing U.S. manufacturing through its commercial aircraft division.

The announcement on September 10 will coincide with an important gathering of aerospace leaders taking place in Washington, D.C. It comes as the third largest planemaker in the world is lobbying for the removal of 10% tariffs placed by the Trump Administration on its planes.

Embraer announced in a press advisory that the announcement would be "the very first of its kind in America."

Analysts caution that some of the recently announced investments had already been in the pipeline. Reporting by Allison Lampert and Tim Hepher. Writing by Tim Hepher. Editing by Susan Fenton.

(source: Reuters)