Understand how the major new US tariff hike on Brazil affects exports, which products were taxed or exempted, and the impacts on the Brazilian economy.

The government's new fiscal package promises more than just numbers: it's an attempt to redefine what "fiscal responsibility" means in Brazil, not as a synonym for cuts and austerity, but as an instrument of balance with social justice. The question is whether this ambition will withstand politics, the market, and time.

Trump's election marks significant changes in bilateral relations between the United States and Brazil.