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 months of rising tariffs and trade tension, the US and China held high-stakes talks in Geneva. Officials signaled progress, but tariffs remain in place as both sides weigh next steps.