The US and China have agreed in principle on a framework to carry out an agreement they reached on resolving their trade disputes last month, Chinese state media said. The announcement followed Tuesday's conclusion of two days of talks in London. The earlier agreement had been shaken by a series of disputes in the ensuing weeks, leading to a phone call last week between President Donald Trump and Chinese leader Xi Jinping to try to calm the waters.

Li Chenggang, a vice minister of commerce and China's international trade representative, said the two sides had agreed in principle on a framework for implementing the consensus reached between the two leaders and at talks in May in Geneva, the official Xinhua News Agency said. Further details, including plans for a potential next round of talks, were not immediately available.

Li and Wang Wentao, China's commerce minister, were part of the delegation led by Vice Premier He Lifeng. They met with US Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer at Lancaster House, a 200-year-old mansion near Buckingham Palace. Lutnick said as he arrived on Tuesday morning that the talks were "going well," and he expected them to continue all day.