Recent statements from President Trump, the Kremlin, and Chinese officials indicate active coordination for a potential trilateral meeting with Xi Jinping on the sidelines of the November 18-19 APEC summit in Shenzhen. Trump has publicly referenced plans to discuss denuclearization and related issues during his expected travel to China, while Russian and Chinese spokespeople have confirmed ongoing preparations for such an encounter. This scheduled diplomatic engagement at a major multilateral forum has shaped trader consensus around China as the location. Scenarios that could alter the outcome include cancellation of the planned session, a separate bilateral encounter elsewhere before year-end, or shifts in scheduling due to evolving negotiations on Ukraine or other matters.