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Following a summit between leaders Xi and Trump, China and the United States agreed to establish trade and investment councils and reduce tariffs on certain goods. China also restored US beef trade, a move that raised concerns among Brazilian exporters.
Following discussions with Chinese President Xi Jinping, President Trump expressed hopes for stronger US-China relations and highlighted China's interest in purchasing US goods. Trump also reiterated a firm stance on Iran, stating military operations would continue and that Xi Jinping had pledged not to supply weapons to the country.
Brazilian exporters are rerouting beef and chicken shipments to minimize the economic impact of the ongoing conflict in Iran.