President Trump’s May schedule centers on a high-stakes two-day summit with Chinese leader Xi Jinping in Beijing, which began on May 13 after earlier postponement tied to the ongoing conflict involving Iran. Key agenda items include trade relations, energy security through the Strait of Hormuz, arms sales to Taiwan, and artificial intelligence cooperation, drawing a large U.S. delegation that includes senior officials and business executives. Domestic events such as policy meetings, executive orders, and ceremonial appearances fill the remainder of the month but lack the international weight of the Beijing talks. Traders are monitoring any public statements or outcomes from the summit, as these could shape perceptions of U.S.-China engagement and influence related market probabilities.