LONDON—U.S. and Chinese negotiators wrapped up two days of intense talks here with what they said was a framework to get their trade truce back on track and ratchet down tensions between the two biggest economies.

The U.S. and China have reached consensus on trade, representatives from both sides said following a second day of high-level talks in London, according to an NBC transcript.“We have reached a framework to implement the Geneva consensus and the call between the two presidents,