Day 2 of the U.S.-China summit

Chinese President Xi Jinping is continuing his meetings with President Donald Trump today, and trade representative Jamieson Greer told CNBC this morning that the two sides have already come to agreements on a number of issues. Earlier this week, Treasury Secretary Scott Bessent also announced that the U.S. and China would be extending a trade truce initially struck in October 2025. This morning, we dig into the background and the big picture of U.S.-China trade. Then, we hear what hosting Formula 1 means for Madrid's economy.

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Stories featured in this episode:

• Madrid welcomed back Formula 1. Here’s what it meant for the city.