Brazil asks US to spare food products, Embraer planes from 50% tariff, source says
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Brazil has requested the U.S. to exempt food products and Embraer aircraft from a planned 50% tariff on Brazilian goods set to begin on August 1. This request was a key topic in discussions between Brazilian and U.S. officials, despite Brazil's Development and Trade Ministry denying the report. Embraer, facing potential order cancellations and job cuts due to the tariff, is a primary concern for the Brazilian government. The U.S. is also a significant market for Brazilian food products, which could be severely impacted by the tariffs.
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