Trump to attend first-ever meeting between leaders of US, China and Russia in just days... but Nvidia 'honeypot' scandal and war in Ukraine will not be discussed

Donald Trump, Xi Jinping and Vladimir Putin will hold an unprecedented meeting next week in the American President's first foreign trip since the midterm elections.  

The leaders of the United States, China and Russia plan to meet Thursday on the sidelines of next week's Asia-Pacific Economic Cooperation summit in China's tech hub of Shenzhen - a gathering of the heads of the world's biggest nuclear powers.

While the leaders gathering for joint talks will mark a singular moment, analysts say expectations are low that the talks will lead to major breakthroughs and say they will be heavier in symbolism than substance.

Trump does plan on discussing the Iran war with Xi and Putin, but will steer away from discussing Ukraine, according to a senior US official who briefed reporters on the condition of anonymity. 

The journey comes as the fallout spreads from Jensen Huang being ousted as the CEO of Nvidia for having an extramarital affair with an alleged agent of the Chinese government. 

Beijing denies that Alice Huang is a spy. Her company Megaspeed was accused last year of shipping Nvidia's advanced computer chips into China.

Trump likely won't confront Chinese leader Xi Jinping on the matter and administration officials do not expect Chinese retaliation for any follow-up actions to prohibit China from smuggling or using advanced computer chips, officials told reporters. 

The administration believes the situation with Nvidia should not have any bearing on the trip, as the US does not make its use of export controls subject to negotiations with foreign countries.

Donald Trump, Xi Jinping and Vladimir Putin will hold an unprecedented meeting next week in the American President's first foreign trip since the midterm elections

The leaders of the United States, China and Russia plan to meet Thursday on the sidelines of next week's Asia-Pacific Economic Cooperation summit in China's tech hub of Shenzhen - a gathering of the heads of the world's biggest nuclear powers

Trump's aides are discussing the possibility of closing loopholes in existing trade measures, including the use of export licensing and preventing the ability of Chinese firms to use advanced chips over the internet through remote access.

Plans for the three-way summit with Donald Trump, Xi Jinping and Vladimir Putin were confirmed Friday by the White House. It comes at a complicated moment in relations between the three countries.

Trump has warmly embraced Xi after coming to a truce in their short-lived trade war last year and in spite of differences over the war with Iran and other tensions between the world's foremost economic powers.

Similarly, Trump has sought to build his relationship with Putin, even as the Russian leader has persisted in his nearly five-year-old war with Ukraine and as Moscow has deepened its military, intelligence and diplomatic partnership with Iran.

Trump has insisted that such a meeting would provide an opportunity for the three leaders to discuss the US war with Iran and his goal of reaching a three-way agreement on their nuclear arms stockpiles.

The last nuclear arms pact between Russia and the United States expired in February, removing caps on the two largest atomic arsenals for the first time in more than a half-century. When that treaty - known as New START - expired, Trump rejected a call by Russia to extend the two-country deal for another year and called for 'a new, improved and modernized' deal that includes China.

The trilateral meeting is intended to serve as the 'beginning of hopefully a conversation' on nuclear disarmament 'that can be productive going forward,' said the US official, who added that no agreements are expected to be announced.

But Beijing´s arsenal of more than 600 warheads, according to Pentagon estimates, is far smaller than inventories held by the U.S. and Russia, each estimated to have more than 5,000 warheads. With U.S. and Russian arsenals dwarfing its stockpile, China has shown little interest in developing a nuclear pact.

Trump does plan on discussing the Iran war with Xi and Putin, but will steer away from discussing Ukraine, according to a senior US official who briefed reporters on the condition of anonymity

The journey comes as the fallout spreads from Jensen Huang being ousted as the CEO of Nvidia for having an extramarital affair with an alleged agent of the Chinese government. Trump does not plan to address the scandal with Xi

Trump administration officials acknowledge that the nuclear stockpile issue is a difficult one for Beijing to engage on, but the U.S. official characterized the meeting as the moment for China to 'step up... to the adult table' on a matter of international importance.

By agreeing to host the meeting, Xi may be calculating that the moment offers him an opportunity to flex China's growing clout and prestige.

For the Kremlin, the planned trilateral meeting is a coveted chance to posture as a superpower on par with Washington and Beijing.

The trilateral could very well overshadow the APEC summit. The summit, which is bringing 21 economies to Shenzhen, marks a big moment for China to show off its fast-growing, ultramodern coastal metropolis that transformed from a small fishing village into a global technology and economic hub in just a few decades.

More substantively, such a gathering could also muddy China's argument that a Cold War mentality in the West was a contributing factor that led to Russia´s war on Ukraine and its pointed criticism that the US has undermined international institutions and treaties with how it has executed its war against Iran.

The trilateral meeting could undercut China's push to portray itself as a defender of free trade at APEC, said Hoo Tiang Boon, a professor of Chinese foreign policy at Nanyang Technological University.

'You sort of run counter to Chinese support of multilateralism,' he said.

Putin and Xi are no strangers. They've fostered a close personal relationship, meeting more than 40 times since Xi became president in 2013 and addressing each other as 'dear friend.'

Nvidia CEO Jensen Huang, left, and his wife Lori Huang walk to the White House to attend a state dinner hosted for China's President Xi Jinping

Huang was photographed multiple times with the alleged Chinese spy, Alice Huang, beginning in 2024

Trump and Putin have met face-to-face on seven different occasions, most recently in Alaska in August 2025. 

Xi and Trump have held face-to-face talks on eight occasions, including a September state visit to Washington by Xi.

Beijing is the top trading partner for Moscow, a relationship that has strengthened since Putin sent troops into Ukraine in 2022.

As the EU and the West sought to economically isolate Russia, China increased its purchases of Russia's energy resources and became Moscow's principal supplier of key technologies, including high-tech components for Russian weapons industries. Beijing has ignored Western demands to cut those supplies.

In the lead-up to Russia's war on Ukraine, Xi and Putin declared their countries had a 'no-limits friendship.' 

China officially has said it is neutral on the conflict, while charging that Kyiv´s Western allies played a part in provoking Russia´s military action in Ukraine.

Moscow, in turn, has repeatedly declared its support for Beijing´s policy on issues related to Taiwan.

Trump recently struck a diesel deal with Russia, waiving sanctions against Moscow and allowing for the sale of millions of tons of the fuel. 

The Nvidia chief was spotted at a computer industry trade show with Ms Huang in Taipei in 2024. Source: LinkedIn/NetThunder

Ukrainian President Volodymyr Zelenskyy has expressed concern that the trilateral meeting could serve as a platform for discussing a possible Ukraine deal behind Kyiv's back

The President has blamed surging energy prices on Ukraine's attacks on Russian oil refineries. Analysts, however, say the rise in global crude prices is due mostly to the Iran war.

Ukrainian President Volodymyr Zelenskyy has expressed concern that the trilateral meeting could serve as a platform for discussing a possible Ukraine deal behind Kyiv's back.

Planning for the summit has drawn comparisons to the Yalta Conference, the 1945 gathering at which the leaders of the US, Britain and the Soviet Union agreed to divide Germany and Berlin into four military occupation zones and finalized plans for establishing the United Nations.

Kremlin spokesman Dmitry Peskov has dismissed the Yalta comparisons, noting that any potential agreements reached in Shenzhen can´t be enforced on others.

'It´s clear that a meeting between the leaders of countries such as Russia, China and the United States is extremely significant,' Peskov said. 

'However, let´s not forget that the vision for a global order is that no one tries to impose any particular view of global order, and it should be based entirely on mutual benefit and mutual respect.'