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Former JC Penney CEO: China trade deal needed by end of year or retail's 'got a real problem'

Berkeley Lovelace Jr.

The U.S. needs to work out a trade deal with China by the end of the year or the retail sector will be in big trouble, former J.C. Penney CEO Allen Questrom says. "If the tariffs don't get solved this year then you've got a real problem," he says. The U.S. needs to work out a trade deal with China by the end of the year or the retail sector will be in big trouble, former J.C. Penney CEO Allen Questrom said Thursday.