President Trump's state visit to China from May 13 to 15, 2026, stands as the central development shaping expectations for his May schedule. The trip included bilateral meetings and a summit with Chinese President Xi Jinping in Beijing, covering trade relations, Taiwan, and the ongoing Iran conflict, with U.S. Secretary of State Marco Rubio accompanying the delegation. This marked Trump's first presidential visit to China in nearly a decade and followed earlier postponements tied to regional tensions. Domestic events such as policy meetings and executive actions filled other portions of the calendar, while the China engagement drew the most attention for its potential to influence broader foreign policy outcomes. Market traders weigh these confirmed high-level diplomatic contacts against any remaining scheduled stops or announcements that could emerge before the end of the month.