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.

the U.S. will roll back its tariffs on Chinese goods to 30% for 90 days as the Trump administration negotiates with Beijing—the latest backtracking the White House has done on its sweeping tariffs

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