Pakistan, May 30 -- The United States has said its trade talks with China are not moving forward. US Treasury Secretary Scott Bessent confirmed the talks are "a bit stalled." He spoke during an interview with Fox News on Thursday. He said more talks may happen in the next few weeks. He also mentioned that President Trump might soon speak with China's President Xi Jinping.

This pause comes after both countries agreed to a temporary trade truce earlier in May. They decided to reduce the high tariffs they had placed on each other's products. The US lowered tariffs on Chinese goods from 145% to 30%. In return, China reduced its duties on American goods from 125% to 10%. This move gave hope for peace in the ongoing trade war.

However, despit...