Brazil’s President Luiz Inacio Lula da Silva brushed off concern that the Trump administration would punish his country for building closer ties with China, after a state visit to Beijing that saw him sign more than 30 agreements.

A day after China and the U.S. agreed to a 90-day truce in their tariffs stalemate, China is moving to strengthen its alliances as a counterweight to President Donald Trump's trade war.