CNBC Daily Open: A tarmac welcome buys U.S.-China truce a longer runway

Chinese President Xi Jinping and U.S. President Donald Trump attend a meeting on the sidelines during a tour of the Zhongnanhai Garden on May 15, 2026 in Beijing, China. China Pool | Getty Images News | Getty ImagesHello, this is Anniek Bao writing to you from Singapore. Welcome to another edition of CNBC's Daily Open.U.S. President Donald Trump gave Chinese leader Xi Jinping a rare welcome at the airport, making him the first American president in roughly six decades to greet a foreign leader on the tarmac, excluding visits by the Pope.It seems to have worked. The world gets two more months of truce between the world's two most powerful economies.What you need to know todayTrump rolled out the red carpet, with children presenting flowers and fighter jets flying overhead, for Xi and his wife, who arrived at Joint Base Andrews outside Washington on Wednesday.Around the same time, Treasury Secretary Scott Bessent announced a new Jan. 10 deadline for the trade deal struck last year to keep tariffs in check between the world's two largest economies. "I don't know whether a bigger deal can be done," he told Fox News. Separately, Beijing has reportedly seized the potentially sensitive F-...