Rep. James Comer, R-Ky., discusses the competitive race between the U.S. and China in artificial intelligence development. He raises concerns about energy grid capacity and highlights regulatory hurdles facing tech firms.
U.S. Treasury Secretary Scott Bessent will present President Donald Trump with a U.S.-China artificial intelligence-related agreement, two sources told Fox Business Network White House correspondent Edward Lawrence.
The agreement will open a “hotline” for direct communication on AI, similar to the direct line of communication the military has, enabling either side to have a direct line if any AI-related problems arise, such as hacking, national security concerns, rogue AIs or other issues.
President Trump will make a thumbs up or thumbs down decision on the deal this week before his meeting with President Xi, the sources noted.
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U.S. Treasury Secretary Scott Bessent testifies during a House Committee on Financial Services hearing in the Rayburn House Office Building on Capitol Hill on Sept. 15, 2026 in Washington, D.C. (Chip Somodevilla/Getty Images / Getty Images)
President Donald Trump has been an outspoken advocate of AI, as the cutting-edge technology proliferates and rapidly advances both in the U.S. and abroad.
“AI is the next Industrial Revolution, or Internet, but will be even larger and more impactful, possibly as much as 25% of our Country’s GDP. We are leading China, and the rest of the World, and I intend to keep it that way!” the president declared in part in a Saturday Truth Social post.
China’s President Xi Jinping and President Donald Trump visit the Temple of Heaven on May 14, 2026, in Beijing, China. (Brendan Smialowski – Pool/Getty Images / Getty Images)
While the U.S. and China are economically connected through trade, the two nations are generally viewed as rival economic and military powers on the world stage.
In part of a Sept. 14 Truth Social post, Trump declared, “WHOEVER WINS AI, WINS! We are leading China, and all others, and will continue to do so.”
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Chinese and U.S. flags wave outside a technology company in Beijing on April 17, 2025. (PEDRO PARDO/AFP via Getty Images / Getty Images)
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Trump is slated to greet his Chinese counterpart on Wednesday at Joint Base Andrews, and spend time with Xi on Thursday and Friday as well, according to the White House.
