Latest news with #SaoPaulo-traded
Yahoo
15-07-2025
- Business
- Yahoo
Brazilian pulp giant Suzano sees no short-term impact from US tariff announcement
By Marcela Ayres BRASILIA (Reuters) -Pulp maker Suzano has not seen any impact yet from the U.S. government's announcement that it would impose a 50% tariff on Brazilian goods, but is working on hedging strategies, an executive said on Tuesday. Brazil accounts for roughly 83% of the total hardwood pulp the United States imports in a given year, according to Suzano, one of the world's largest pulp producers. "No impact in the short term," Suzano's managing director for the Americas, Guilherme Miranda, told an event hosted by the Brazilian-American Chamber of Commerce when asked if clients had started pulling back or canceling orders. Miranda added that Suzano had nonetheless been working on building up inventory in the U.S. as a hedging strategy. U.S. President Donald Trump announced last week that he planned to impose 50% tariffs on all products from Brazil starting August 1. Analysts at Citi noted that Suzano, with 15% of its revenues in the U.S., could face difficulties in the short term, but benefits from having low costs, flexibility to reallocate volumes and global scale. Miranda stressed that Suzano could find ways to sell its products to other markets, but that the best possible outcome would be to maintain its long-standing relationship with North American clients. "We have high trust that our government will be engaged in finding a negotiated outcome for tariffs," the executive said. He added that U.S. consumers would ultimately bear the additional costs stemming from tariffs. "Pulp is a commodity, we don't have that margin to subsidize the product," Miranda said. Sao Paulo-traded shares of Suzano were up 0.5% on Tuesday, outperforming benchmark stock index Bovespa, which slipped 0.5%. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
11-07-2025
- Business
- Time of India
US private jet buyer backs record Embraer deal as tariff turmoil hits Brazil planemaker, ET Infra
Advt Tariff impact Advt Private jet operator Flexjet, a key US customer of Embraer, suggested on Thursday it would stand by a record deal with the Brazilian planemaker despite turmoil from fresh trade tensions between the US and the South American President Donald Trump said on Wednesday he would impose a 50 per cent tariff on all imports from Brazil, starting August 1. Sao Paulo-traded shares of Embraer initially tumbled as much as 8 per cent on Trump's comments, before paring losses to close 3.7 per cent lower. But they remain up more than 30 per cent year-to-date on demand for the world's third-largest aircraft manufacturer's executive planes and regional higher tariffs create a fresh challenge for Embraer as airlines in the US, the world's largest market for both regional and private aviation, see a slowdown in domestic travel demand and about a February deal with Embraer to buy up to 212 private jets valued at up to $7 billion based on list prices, Cleveland, Ohio-based Flexjet said its clients, which buy a part-share in the aircraft, tend to "proceed" with such decisions."Based on my 40 years in the industry, this group of purchasers tends to proceed with their decisions regardless, given their priorities and past purchasing behavior," Flexjet Chairman Kenn Ricci said in a statement."In the short term, aircraft already under contract with foreign manufacturers are covered by existing agreements. If tariffs on foreign-made aircraft do indeed increase, manufacturers will likely bear some of the initial impact for these committed orders," he said, but added that over time, "those added costs will be passed on to the buyer."Flexjet's deliveries are expected to start in said in a statement it was evaluating the potential impacts of the tariffs, and would provide further comments during its second-quarter earnings call on August imports to the US are currently subject to a 10 per cent tariff, however Embraer can deduct US-made content on its planes, and some of its jets are assembled in BBA analysts said 60 per cent of Embraer's revenue is from North America, of which three-quarters could be exposed to tariffs. They estimated a potential impact of $150 million to Embraer's earnings before interest and taxes from August to to March 31 company filings, American Airlines has purchase agreements for 90 Embraer E175 jets , with deliveries in 2025 and beyond. American declined to comment on tariffs ahead of its quarterly earnings later this Airlines told the Seattle Times in June it had delayed delivery of two E175 jets due to tariffs. The carrier told Reuters on Thursday that both planes have been delivered after a short delay and will enter service has no more scheduled E175 deliveries this assembly of Embraer's business jets is finished in Florida, but key parts of planes such as the Phenom fuselage come from tariffs could have a greater impact on Embraer's smallest jet, the Phenom 100, which is produced in low volumes and has slimmer margins, one industry source said."The lower end of the business jet family is more price sensitive," said US business aviation analyst Brian are among the top US imports from Brazil, along with oil, steel products, coffee and orange juice."Although we see Trump's announcement primarily as a bargaining leverage, we expect investors' concern to remain high given the significant potential impact that a 50 per cent import tariff on Brazilian goods would imply for Embraer," XP analysts said.
Yahoo
09-07-2025
- Business
- Yahoo
Royal Air Maroc in talks to buy Embraer aircraft, Folha reports
SAO PAULO (Reuters) -Royal Air Maroc is in talks with Embraer for a potential order for the Brazilian planemaker' s E2 aircraft, newspaper Folha de reported on Wednesday citing the airline's CEO, Abdelhamid Adnoun. Sao Paulo-traded shares of Embraer were up around 2% following the report, among the top gainers on Brazil's benchmark stock index Bovespa, which fell 0.9%. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-07-2025
- Business
- Yahoo
Royal Air Maroc in talks to buy Embraer aircraft, Folha reports
SAO PAULO (Reuters) -Royal Air Maroc is in talks with Embraer for a potential order for the Brazilian planemaker' s E2 aircraft, newspaper Folha de reported on Wednesday citing the airline's CEO, Abdelhamid Adnoun. Sao Paulo-traded shares of Embraer were up around 2% following the report, among the top gainers on Brazil's benchmark stock index Bovespa, which fell 0.9%. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-04-2025
- Business
- Yahoo
Brazil's Vale sees no material impacts from trade war so far
SAO PAULO (Reuters) -Brazilian miner Vale said on Friday that it has so far not seen a material impact from the ongoing global trade war on its operations and sales, but vowed to keep monitoring it closely amid uncertain market conditions. Vale is one of the world's largest iron ore producers and has a top client in China, which has been locked in a trade dispute with the United States following President Donald Trump's sweeping tariffs. Speaking on a call with analysts after the company reported a 17% first-quarter net profit drop on lower iron ore prices, Vale executives said it was too soon to talk about the trade war's impact on prices of the key steelmaking ingredient. Chief Executive Gustavo Pimenta, nonetheless, acknowledged that a potential global economic slowdown would likely have an impact on commodity markets. Vale also said that given the uncertain market conditions, it was not the right time to discuss potential extraordinary dividend payments - a shareholder remuneration practice it has adopted in the recent past. Sao Paulo-traded shares of the mining giant slipped about 2% on Friday, among the biggest fallers on Brazil's benchmark stock index Bovespa, which was roughly flat. Sign in to access your portfolio
