High-level officials from the U.S. and China have agreed on a plan to restart their trade discussions after several disagreements almost stopped them, both countries have stated.

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

The meetings seemed to be about solving arguments over mineral and technology exports. These arguments had upset a delicate trade agreement reached in Geneva last month. It's not clear if they made any progress on the main issues about China's big trade surplus with the United States.

U.S. Commerce Secretary Howard Lutnick told reporters that they had dealt with the negative issues and could now progress.

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

The discussions happened after President Trump and China's Xi Jinping talked on the phone last week to try to make things less tense.

Li Chenggang, a senior official from China's commerce department, announced that both sides have mostly agreed on a plan. This plan will help them carry out the agreements they made during a phone call and meetings in Geneva, according to Xinhua News Agency.

More information, including any plans for future discussions, was not immediately accessible.

Li and Wang Wentao, China's Commerce Minister, were part of a group led by Vice Premier He Lifeng. They met with Lutnick, Treasury Secretary Scott Bessent, and Trade Representative Jamieson Greer at Lancaster House, which is an old house near Buckingham Palace.

Wendy Cutler, a former U.S. trade negotiator, said that 30 of the 90 days they had to solve their disagreements have been wasted because of arguments between the two sides.

In Geneva, they agreed to stop most of the very high taxes they had put on each other's goods for 90 days. This was to calm a trade disagreement that had caused worries about a possible economic slowdown. Also, the World Bank reduced its forecasts for economic growth in the U.S. and globally this year, due to an increase in trade obstacles.

Cutler, who is Vice President at the Asia Society Policy Institute, said that the U.S. and China wasted important time in getting their agreements in Geneva back on track. He added that they now only have two months to deal with important issues like unfair trade, too much production, illegal shipping, and the drug fentanyl.

Since the Geneva talks, the U.S. and China have argued about important issues. These include advanced computer chips for artificial intelligence, visas for Chinese students at American universities, and rare earth minerals that are very important for car companies and other businesses.

China, which produces the most rare earth minerals in the world, has indicated it might give out export permits for these materials more quickly. In return, China wants the U.S. to remove its limits on China's ability to get the technology needed for making advanced computer chips.

Lutnick said that solving the rare earths problem is a main part of their agreement, and the U.S. will stop the actions it took to respond. He didn't say exactly what those actions were.

He said that when the licenses are approved, our exports should go down.

Cutler said it would be very unusual for the U.S. to talk about its export rules. She added 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 talks, she said.

On Tuesday, a court in Washington, D.C. allowed the government to continue collecting special taxes on imported goods that Trump put in place. These taxes apply to products from China and other countries, while the government tries to win an appeal against a decision that went against these trade rules.

Trump said before that he wants American products to be sold in China, which makes a lot of goods for the world.

Trump said at the White House that if China doesn't open its markets, the US might not do anything. However, he also said that the US wants China to open up.