BUZZ-Embraer jumps after aircraft excluded from US tariffs on Brazil
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Shares of Brazilian planemaker Embraer surged over 10.5% after U.S. President Trump's executive order excluded civil aircraft and parts from new tariffs on Brazil. This made Embraer the top gainer on the Bovespa index, which rose by 1%. Analysts from Citi noted that Embraer is the primary beneficiary of these exemptions, which could significantly impact the company's revenue, similar to the effects of the COVID-19 pandemic.
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