Trump Revives Steel Tariffs Against Brazil, Argentina

The US President announced the restoration of tariffs on steel and aluminum imports from Brazil and Argentina due to their currency devaluation, impacting US farmers. Julia Lecce from Bloomberg discusses the surprise reaction in Brazil, where President Bolsonaro plans to consult with his Economy Minister and possibly the US President. Despite the initial shock, Brazilian markets and currency are stabilizing.

What communication did the President of Brazil intend to have following the announcement?

What is the significance of the $2 billion mentioned in the context of Brazil's exports?