Trump's second-term foreign policy, centered on direct bilateral diplomacy and "America First" trade priorities, shapes expectations for 2026 meetings with both allies and adversaries. The May state visit to Beijing for talks with Xi Jinping established a framework for agricultural and economic cooperation, while subsequent bilateral engagements, such as those involving Iraqi officials, underscore ongoing energy and security discussions. Scheduled multilateral events, including the U.S.-hosted G20 summit in Miami and NATO gatherings, provide structured opportunities for additional leader-level interactions. Traders monitor these calendars alongside any announced summits or executive actions that could expand or limit high-profile encounters before year-end.