Investing.com -- Brazilian aircraft manufacturer Embraer revealed on Tuesday that the recent tariffs imposed by U.S. President Donald Trump could increase complexity and costs for the company’s business and its customers in the United States.

Earlier this month, President Trump introduced new global tariffs, including a minimum of 10% duties on all U.S. imports from countries like Brazil. Additionally, targeted rates could reach up to 50%, a move designed to help the United States regain an industrial base that, according to the President, has declined over years of trade liberalization.

These tariffs are predicted to impact aerospace, a sector that has functioned without tariffs on parts or completed products for many years, Embraer stated. The Brazilian jet maker expressed its concerns about the potential impact on its operations and customers in the United States due to these newly introduced tariffs.

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