If you want to press 1 button (button C) to ground 2 inputs (buttons A and B) at the same time, there are two ways to do it.
1. Wire buttons A and B "backward" like "Up", "Down", and "P1 U+D" in this diagram:
- Encoder input connected to COM (buttons A and B)
- Ground connected to NO (buttons A and B)
- Connect the NC from buttons A and B to one side of switch C ("P1 U+D") and ground to the other.

2. Use diodes like this diagram:
If connected without the diodes, pressing either the top or bottom button will complete both circuits.
With the diodes:
- Pressing the top button completes the top circuit
- Pressing the bottom button completes the bottom circuit
- Pressing the center button forward biases both diodes and completes both circuits

NOTE: The one thing that could make this difficult is that the XArcade encoder uses a different ground for each connector IIRC. Not sure if the "two trigger" buttons you describe use the same ground.

Scott