The U.S. and China ended high-stakes trade talks on a positive note on Sunday, with U.S. officials touting a "deal" to reduce the U.S. trade deficit, while Chinese officials said the sides had reached "important consensus" and agreed to launch another new economic dialogue forum.

After two days of intense, high-stakes negotiations in Geneva, the United States and China have reached a breakthrough on a new trade agreement aimed at easing tensions and addressing the $1.2 trillion trade deficit,

GENEVA (Reuters ... the national emergency that Trump declared over growing U.S. trade deficits. "We’re confident that the deal we struck with our Chinese partners will help us to work toward resolving that national emergency," Greer said.

The lead U.S. negotiator in trade talks with China cheered “a great deal of productivity” in resolving differences between the world’s two leading economic powers, after officials wrapped two days of bargaining in Switzerland following