Senior negotiators from the U.S. and China have agreed on a plan to restart their trade talks after several disagreements almost stopped them, according to both sides.

The announcement was made after two days of discussions in London, which finished late on Tuesday.

The meetings seemed to focus on solving disagreements about mineral and technology exports. These disagreements had affected a delicate trade agreement made in Geneva last month. It's not clear if they made any progress on the main differences, like China's large trade surplus with the United States.

U.S. Commerce Secretary Howard Lutnick told reporters after the meetings, "First we needed to deal with the negative feelings, and now we can move forward."

Asian stock markets went up on Wednesday following the announcement of the deal.

The talks happened after President Donald Trump and Chinese leader Xi Jinping had a phone call last week. They wanted to make the situation less tense.

Li Chenggang, a senior official from China's Ministry of Commerce, announced that both sides have mostly agreed on a plan. This plan will help them put into action the agreements they reached during a phone call and meetings in Geneva, according to Xinhua News Agency.

More information, such as future discussion plans, was not available right away.

Vice Premier He Lifeng led a Chinese delegation that included Commerce Minister Wang Wentao. Li and Wang met with Howard Lutnick, Treasury Secretary Scott Bessent, and Trade Representative Jamieson Greer. Their meeting took place at Lancaster House, an old building close to Buckingham Palace.

Wendy Cutler, who used to be a U.S. trade negotiator, said that 30 of the 90 days they had to solve their disagreements have been lost because of the arguments.

In Geneva, they decided to pause most of the very high taxes they had put on each other's goods for 90 days. This was done to calm down a trade dispute that was getting worse and making people worried about a recession. The World Bank also lowered its predictions for economic growth in the U.S. and worldwide this year, saying that more trade barriers were being created.

Cutler, who is a vice president at the Asia Society Policy Institute, said that the U.S. and China wasted important time in getting their Geneva agreements working again. He added that they now have only sixty days to deal with important problems like unfair trade, too much production, illegal shipping, and the drug fentanyl.

Since the talks in Geneva, the U.S. and China have had serious disagreements. They have argued about advanced computer chips for AI, visas for Chinese students at American universities, and important rare minerals that car companies and other industries need.

China, which produces the most rare earths in the world, has indicated it might issue export licenses for these elements more quickly. In return, Beijing wants the U.S. to remove its restrictions on China's ability to use the technology for making advanced computer chips.

Lutnick said that solving the rare earths problem is a main part of the agreement, and the U.S. will stop the actions it had started because of it. He did not say which actions.

He said that our exports would probably go down once the licenses are approved.

Cutler said it would be very unusual for the U.S. to discuss its export controls. She explained that China has been complaining about these rules for almost 20 years.

By doing this, the U.S. has made it possible for China to ask for export controls to be part of future discussions, she said.

On Tuesday, a court in Washington allowed the US government to keep collecting special taxes on goods from China and other countries. This will continue while the government challenges a decision made against Trump's main trade policy.

Trump said before that he wants to make it easier for American products to be sold in China, which is a very big manufacturing country.

Trump said at the White House that if they didn't open up China, they might not do anything, but they really wanted to open up China.