CNBC Daily Open: A tale of two truces

The American and Chinese flags are seen on the motorcade of U.S. President Donald Trump as he visits the National Archives Museum with President of China Xi Jinping on September 25, 2026 in Washington, DC. Win Mcnamee | Getty ImagesHello, this is Anniek Bao writing to you from Singapore. Welcome to another edition of CNBC's Daily Open.The ink on the Trump-Xi trade truce extension is barely dry, and markets are busy turning the page to a potential U.S.-Iran deal that could end the Middle East war. Treasury yields are at their highest since 2007, and as oil creeps higher on the Iran standoff, investors find themselves in yet another guessing game.What you need to know todayChinese President Xi Jinping's state visit to Washington appears to have produced more personal diplomacy than breakthroughs.The U.S. and China agreed to reduce tariffs on $30 ‌billion of goods and launched a dialogue on AI. The tariff reductions would apply to U.S. exports such as agricultural goods, wood and cosmetics, as well as U.S. imports including small appliances, toys and decorations, according to a ​White House statement. That said, the agreement appears to stop short of any concrete purchase commitment, ...