The US has hit $250 billion of Chinese goods with tariffs since July.
Washington and Beijing can make progress on their trade differences within three months, the former People’s Bank of China (PBOC) governor Zhou Xiaochuan told CNBC on Wednesday.
« I see there is a pretty high possibility to reach some sort of success during the 90-day negotiation window, » Zhou told CNBC’s Geoff Cutmore at The Boao Forum and Ambrosetti Meeting in Rome, Italy.
The U. S. has hit $250 billion of Chinese goods with tariffs since July, while China has retaliated by imposing duties of its own on $110 billion of American products.
At a post-G-20 summit meeting in Argentina last weekend, President Donald Trump agreed not to boost tariffs on Chinese goods from 10 to 25 percent on January 1.
