Eve Holding, Inc. shares fall 4.69% intraday amid Brazilian trade tensions.

Eve Holding, Inc. declined 4.69% in intraday trading. The drop in stock price may be attributed to the Brazilian government and businesses launching a coordinated response to the US Trade Representative (USTR) Section 301 investigation, with nearly 80 entities filing formal defenses against allegations of unfair trade practices. The Brazilian Foreign Minister formally requested USTR to withdraw the investigation, warning that 'unilateral measures under Section 301 could undermine the multilateral trading system and have adverse consequences' for bilateral relations. Major Brazilian entities including the National Confederation of Industry (CNI), sugarcane association Unica, aircraft manufacturer Embraer, and firearms producer Taurus submitted detailed rebuttals to accusations spanning.