Senior officials from the U.S. and China have found a way to continue their trade talks after some disagreements nearly 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 caused problems for a sensitive trade agreement made in Geneva last month. It's not clear if they made any progress on the main differences, such as China's large trade surplus with the United States.

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

Asian stock markets went up on Wednesday after the agreement was announced.

The talks happened after President Donald Trump and Chinese leader Xi Jinping spoke on the phone last week to try to make the situation less tense.

Li Chenggang, a senior official from China's Ministry of Commerce, announced that China and the other side have mostly agreed on a plan to carry out the decisions made during a phone call and discussions in Geneva, according to Xinhua News Agency.

More information, such as possible future talks, was not available right away.

Vice Premier He Lifeng led a Chinese group that included Commerce Minister Wang Wentao and Li. They met with US representatives like Lutnick, Treasury Secretary Scott Bessent, and Trade Representative Jamieson Greer. The meeting happened 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 wasted.

In Geneva, they agreed to pause most of the very high taxes they had placed on each other for 90 days. This was done to ease concerns about a possible economic recession, which had been caused by their growing trade conflict. Additionally, the World Bank reduced its forecasts for economic growth in the U.S. and worldwide this year, due to an increase in trade barriers.

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

Since the Geneva talks, the U.S. and China have had disagreements about advanced semiconductors used in artificial intelligence, visas for Chinese students at American universities, and rare earth minerals that are very important for carmakers and other industries.

China, which produces the most rare earths in the world, has indicated it might give out export licenses for these materials faster. In return, China wants the U.S. to take away its limits on China's ability to get the technology needed to create advanced computer chips.

Lutnick said that solving the rare earths problem is a main part of the agreed plan, and the U.S. will remove the actions it had taken in response. He didn't say exactly which actions.

He said that our exports would likely decrease once the licenses are approved.

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 given China a chance to include export controls in future discussions, she said.

On Tuesday, a court in Washington allowed the US government to continue collecting import taxes on goods from China and other countries. This will happen while the government tries to overturn a decision that went against Trump's main trade policy.

Trump said before that he wants American products to be sold more easily in China, which is a very important country for making things.

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