United States President Donald Trump has expressed confidence that he will meet with Chinese President Xi Jinping and Russian President Vladimir Putin during the Asia-Pacific Economic Cooperation (APEC) summit, scheduled for November 18–19, 2026, in Shenzhen, China. Trump made these remarks on Sunday (November 8) while preparing to return to Washington from Florida. The potential meeting—currently under discussion—could serve as a significant diplomatic moment for the three global powers to address various international geopolitical issues.
Trump indicated that the agenda might include nuclear arms control, denuclearization efforts, and the resolution of ongoing conflicts involving Iran. Previously, Trump had signaled his openness to trilateral arms control negotiations with China and Russia. This move reflects Washington’s desire to establish a channel for strategic communication with Beijing and Moscow amid growing global security uncertainty. However, no details have been finalized regarding the format of the meeting or the potential outcomes.
Beyond nuclear issues and Iran, the Russia-Ukraine conflict could also be part of the diplomatic discussions. Putin has reportedly suggested that the meeting between the three leaders could be used to explore a potential resolution to the war in Ukraine. Trump has previously expressed optimism that an agreement to end the conflict is drawing closer, though he has yet to provide specifics on what such a resolution might entail. Should this diplomatic effort yield concrete progress, it could improve investor sentiment and reduce demand for "safe-haven" assets.
Regarding the U.S. dollar, the prospect of a meeting between Trump, Xi, and Putin could create short-term pressure if optimism surrounding peace encourages investors to shift toward riskier assets. A de-escalation of geopolitical tensions might dampen demand for the dollar as a safe-haven asset, while the potential for stabilized U.S.-China relations could provide support for the currencies of emerging market nations. However, the impact on the dollar is expected to remain limited as long as the economic fundamentals of the United States and expectations regarding the Federal Reserve’s interest rate policy continue to provide support. Consequently, the trajectory of the US dollar will depend heavily on diplomatic developments and shifts in global market risk sentiment. (CP)