The company has tapped billions of dollars in financing from the export credit agencies of Brazil and Canada to purchase hundreds of aircraft made in those countries.

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Penalties for sanctioned companies could include the denial of bank loans and export financing, a ban on winning government contracts, and prohibitions from acquiring, holding or trading any U.S. property.

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Canada now wants the latest version of Brazil's export-financing scheme ruled illegal.

ECONOMIST: Brazil: Trade beefs | The

Executive Order 13534 also established the Export Promotion Cabinet to develop and coordinate the implementation of the eight priorities of the NEI, which include, but are not limited to, improving advocacy and trade promotion efforts on behalf of U.S. exporters, increasing access to export financing, and removing barriers to trade and enforcing U.S. trade laws and agreements.

WHITEHOUSE: The White House