China and the U.S. will commence trade talks in Beijing early next week as both countries work to put an end to yearlong trade tensions that have left global markets unstable, according to a report published late Thursday.

Officials from both nations will meet Monday and Tuesday for the vice ministerial trade talks, Chinese officials announced Friday local time.

Deputy U.S. Trade Representative Jeffrey Gerrish is leading his U.S. colleagues on the trip. He said he expects "positive and constructive discussions," according to the Chinese Commerce Ministry.

President Trump and Chinese President Xi Jinping had agreed to stop imposing tariffs on goods from each other's countries last year. That decision went into effect Dec. 1 and will last 90 days while they work on a permanent solution.

Hundreds of billions of dollars worth of goods have been affected by the tariffs, both goods flowing in and out of the U.S. and China.