'If the tariffs don't get solved this year then you've got a real problem,' former J.C. Penney CEO Allen Questrom says.
"We've got two intelligence economies: One China, one United States," he said. "And I think they're going to come to their senses."— an ETF that tracks the industry's biggest companies — is down 1.73% year to date through Thursday's close amid the U.S.-China trade dispute.
The world's two largest economies increased tariffs on one another this month, with the U.S. making the first move by increasing duties on $200 billion worth of Chinese products from 10% to 25%. China announced plans to raise tariff rates on $60 billion in U.S. goods. The tactics amplified a fight that has rattled financial markets and threatened to drag on the global economy.
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