Senior US administration officials will meet with a Chinese delegation on Monday in London for the next round of trade negotiations between Washington and Beijing, President Donald Trump said Friday.

The meeting comes after a phone call between Trump and Chinese leader Xi Jinping on Thursday, which the US president described as a “very positive” conversation as the two countries attempt to break an impasse over tariffs and global supplies of rare earth minerals, reports AP.

Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer will represent the US side in the trade talks.

“The meeting should go very well,” Trump wrote on his social media platform Friday afternoon.

Speaking to reporters on Air Force One Friday, Trump said Xi had agreed to restart exports of rare earth minerals and magnets to the US which China had slowed, threatening a range of US manufacturers that relied on the critical materials. There was no immediate confirmation from China.

China's market remains a magnet for foreign investment: FM spokesperson

The Thursday conversation between Trump and Xi, who lead the world's two biggest economies, lasted about an hour and a half, according to the US president. The Chinese foreign ministry has said Trump initiated the call.

The ministry said Xi asked Trump to “remove the negative measures” that the US has taken against China. It also said that Trump said “the US loves to have Chinese students coming to study in America,” although his administration has vowed to revoke some of their visas.