Top US and Chinese officials began major trade talks in London on Monday, with early signs of cooperation.

According to Xinhua, the United States may ease some technology export limits, while China is poised to increase rare earth material exports. The talks follow a phone call between Presidents Donald Trump and Xi Jinping, during which both parties agreed to move negotiations further.

White House adviser Kevin Hassett said easing of US controls and increased rare earth supply could happen immediately, though restrictions on high-end technologies like Nvidia’s top chips would remain.

The talks mark a potential shift in the ongoing US-China trade and tech standoff, Xinhua reported.