US President Donald Trump is scheduled to attend the APEC Economic Leaders' Meeting in Shenzhen on November 18-19, 2026, his third encounter this year with Chinese President Xi Jinping. Trader focus centers on the US delegation, where Treasury Secretary Scott Bessent and Secretary of State Marco Rubio hold prominent roles in recent bilateral trade talks, including extensions of tariff suspensions under the Busan framework. Business figures such as Elon Musk are also priced highly due to prior China engagement. A potential trilateral with Russian President Vladimir Putin remains under discussion but lacks confirmed agenda or format, with separate bilaterals more likely. South Korean and Indonesian leaders have confirmed attendance, while broader outcomes hinge on compliance with agricultural and critical minerals commitments ahead of the G20.