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Trump, Putin Visit China; Leaders Tout Deals Amid Dollar-Shift Risks

5/20/2026

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Summary

Story summary

U.S. President Donald Trump landed in China and called the visit a “fantastic deal” despite no purchases.
Russian President Vladimir Putin arrived in China and said Russia nears a “serious, substantial” oil-gas pact.
Analysts cite U.S. sanctions, Ukrainian drone attacks and China’s wish to avoid reliance as risks, noting Beijing’s aim to cut U.S. dollar use by settling trades in yuan and diversifying suppliers.

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Story summary

U.S. President Donald Trump landed in China and called the visit a “fantastic deal” despite no purchases.
Russian President Vladimir Putin arrived in China and said Russia nears a “serious, substantial” oil-gas pact.
Analysts cite U.S. sanctions, Ukrainian drone attacks and China’s wish to avoid reliance as risks, noting Beijing’s aim to cut U.S. dollar use by settling trades in yuan and diversifying suppliers.