In the quiet arithmetic of great powers, three leaders who rarely share a room are preparing to meet on the margins of a regional economic forum in Shenzhen, the Chinese city that rose from a fishing village into a technology hub within a few decades. The gathering would bring together the presidents of the three largest nuclear arsenals in the world, a convergence with no precedent, arising from the lapse of the last binding treaty limiting the United States and Russia after fifty years of such caps. Few expect it to produce agreements, and many read it instead as a stage on which each leader
Trump, Xi and Putin Plan Unprecedented Trilateral Meeting on APEC Sidelines in Shenzhen
The leaders of the world's three biggest nuclear powers, in one room for the first time
Why does a meeting with no expected agreements still matter?
Because of who is in the room. It's the leaders of the three biggest nuclear powers, together for the first time, and New START expired in February with no replacement.
So the arms question is the real agenda?
Trump says so, along with the Iran war. A senior U.S. official described it as a start to nuclear talks, not a deal-signing.
Worth noting that's one anonymous official's account. We don't have any statement from Beijing or Moscow confirming that agenda.
And China has little reason to join?
Its arsenal is over 600 warheads by Pentagon estimate, against more than 5,000 each for the U.S. and Russia. Beijing has shown little interest in a pact.
Those are estimates, not declared figures, and the reporting says Beijing was the least certain about the summit's value.
What about Ukraine?
The official says Trump will steer away from it. Zelenskyy still fears a deal behind Kyiv's back.
Fear is not evidence. What's actually known is the stated plan to avoid it; what happens in the room is unknown.
And the Yalta comparison?
Peskov rejected it, saying agreements in Shenzhen can't be imposed on others.
El Pulso
- The first-ever meeting of the leaders of the US, China and Russia is set to unfold on the sidelines of APEC in Shenzhen, and nobody is sure it will hold any real weight.
- New START expired in February, and with it the caps on the two largest arsenals fell away for the first time in over half a century.
- Beijing, with roughly 600 warheads against more than 5,000 each for Washington and Moscow, stands reluctant at the table while Trump pushes for a three-way deal.
- Zelenskyy fears Ukraine could be bargained over behind Kyiv's back, while the Iran war and the grinding conflict in Ukraine hang over every handshake.
- Analysts expect symbolism rather than substance, with no agreements announced and APEC's own agenda at risk of being swallowed by the spectacle.
In the quiet arithmetic of great powers, three leaders who rarely share a room are preparing to meet on the margins of a regional economic forum in Shenzhen, the Chinese city that rose from a fishing village into a technology hub within a few decades. The gathering would bring together the presidents of the three largest nuclear arsenals in the world, a convergence with no precedent, arising from the lapse of the last binding treaty limiting the United States and Russia after fifty years of such caps. Few expect it to produce agreements, and many read it instead as a stage on which each leader hopes to be seen as a peer of the others. Whether it becomes the start of a harder conversation about arms or simply a photograph will depend on what is left unsaid, especially about the wars still burning in Ukraine and the Middle East.
The White House has confirmed that Donald Trump, Xi Jinping and Vladimir Putin plan to sit down together on Thursday in Shenzhen, on the sidelines of the Asia-Pacific Economic Cooperation summit. It would be the first time the leaders of the world's three biggest nuclear powers have gathered in this format, and it arrives at a moment of unusual fragility in arms control.
The urgency begins with New START, the last treaty capping the American and Russian arsenals, which expired in February. Russia asked for a one-year extension and Trump refused, calling instead for a new deal that would bring China in. Beijing, whose stockpile of more than 600 warheads is far smaller than the over 5,000 held by each of the others, has shown little appetite for such an agreement. A senior U.S. official said the meeting is meant to begin nuclear talks, though no agreements are expected.
The shadow over the room is Ukraine. Russia's war there is nearing its fifth year, and Zelenskyy has voiced fear that the summit could become a place where Kyiv's future is settled without it. Analysts say Putin hopes simply to be seen negotiating as an equal, while Xi may welcome the chance to show China's growing weight by hosting. The U.S. war with Iran also looms, and Trump has said he will raise it with both leaders while steering away from Ukraine.
The meeting risks overshadowing APEC, which brings 21 economies together, and some scholars warn it cuts against China's own message of multilateralism and free trade. The Kremlin has dismissed comparisons to the 1945 Yalta Conference, saying nothing agreed in Shenzhen can be imposed on others. What observers will watch on Thursday is whether Ukraine is mentioned at all, and whether Beijing signals any willingness to join the nuclear talks.
The White House confirmed on Friday that the presidents of the United States, China and Russia plan to sit down together on Thursday in Shenzhen, China's technology hub. Donald Trump, Xi Jinping and Vladimir Putin will meet on the sidelines of next week's Asia-Pacific Economic Cooperation summit. It is the first time the leaders of the world's three biggest nuclear powers have gathered in this format.
Analysts quoted by the Associated Press expect the meeting to carry more symbolism than substance. A senior U.S. official, briefing reporters on condition of anonymity, said it is meant to start nuclear talks among the three and that no agreements are expected to be announced. Trump has said the meeting would let the leaders discuss the U.S. war with Iran and his goal of a three-way deal on nuclear stockpiles. The official said he will raise Iran with Xi and Putin but steer away from Ukraine.
The arms question has a deadline behind it. The last nuclear pact between Russia and the United States, New START, expired in February, removing caps on the two largest arsenals for the first time in more than fifty years. Russia had asked to extend it for another year, and Trump refused. He called instead for a new, improved and modernized deal that includes China.
China is the hard part. Pentagon estimates put its arsenal at more than 600 warheads, while the United States and Russia are each believed to hold more than 5,000. With its stockpile so much smaller, Beijing has shown little interest in a nuclear pact, and it was the party least certain about the summit's value. Xi may still see a chance to show off China's growing clout by hosting. For the Kremlin, sitting at the table is a chance to look like a superpower on par with Washington and Beijing.
Edgard Kagan, a former U.S. ambassador to Malaysia now at the Center for Strategic and International Studies, said the key for Putin was signaling a desire to talk with Trump and Xi in a way that suggests they are making decisions on Ukraine, something Ukrainians and Europeans dislike. Ukrainian President Volodymyr Zelenskyy has voiced concern that the meeting could become a venue for discussing a Ukraine deal behind Kyiv's back.
The meeting could also overshadow APEC itself, which brings 21 economies to Shenzhen, a coastal city that grew from a small fishing village into a global technology and economic center within a few decades. Hoo Tiang Boon, a professor of Chinese foreign policy at Nanyang Technological University, said a three-way nuclear summit runs counter to Chinese support for multilateralism and could undercut Beijing's effort to present itself as a defender of free trade. It could also muddy China's arguments that a Cold War mentality in the West helped cause Russia's war and that the U.S. has undermined international institutions with its conduct of the Iran war.
The leaders know each other well in pairs. Xi and Putin have met more than 40 times since Xi became president in 2013 and call each other "dear friend." Trump and Putin have met face-to-face seven times, most recently in Alaska in August 2025. Trump and Xi have held eight in-person talks, including Xi's state visit to Washington in September. Trump has warmed to Xi since a truce in their brief trade war last year, despite differences over Iran. He has also courted Putin even as Russia's war in Ukraine nears its fifth year and Moscow deepens military, intelligence and diplomatic ties with Iran.
China is Russia's top trading partner, a bond that strengthened after Putin sent troops into Ukraine in 2022. Beijing bought more Russian energy, became Moscow's main supplier of key technologies, including high-tech components for weapons industries, and ignored Western demands to stop. Before the invasion, Xi and Putin declared a "no-limits friendship." China calls itself neutral while blaming Kyiv's Western allies for provoking Russia, and Moscow repeatedly backs Beijing's position on Taiwan. Trump recently struck a diesel deal with Russia, waiving sanctions to allow sales of millions of tons of fuel. He blames high energy prices on Ukrainian strikes on Russian refineries, though analysts say the Iran war is the main driver.
Some have compared the plans to the 1945 Yalta Conference, where the U.S., Britain and the Soviet Union agreed to divide Germany and Berlin into four occupation zones and finalized plans for the United Nations. Kremlin spokesman Dmitry Peskov dismissed the comparison, noting that any agreements in Shenzhen cannot be imposed on others. What to watch Thursday is whether Ukraine comes up at all, and whether Beijing gives any sign of joining nuclear talks.
Citas Notables
Any potential agreements reached in Shenzhen can't be enforced on others.— Dmitry Peskov, Kremlin spokesman (paraphrased)
A trilateral meeting runs counter to Chinese support of multilateralism.— Hoo Tiang Boon, Nanyang Technological University (paraphrased)