Trump and Xi Jinping are establishing a formal US-China AI dialogue framework to manage AI safety, national security risks, and advanced AI governance. The bilateral mechanism aims to prevent misuse of military AI systems, curb proliferation of foundation models to non-state actors and terrorists, and address shared cybersecurity threats. However, deep policy divides remain over semiconductor export restrictions, model IP disputes, and open vs. closed model philosophies—reflecting competing visions for global AI governance.