A Boeing jet intended for use by a Chinese airline landed back at the planemaker's U.S. production hub on Sunday, a victim of the tit-for-tat bilateral tariffs launched by President Donald Trump in his global trade offensive.

U.S. Customs and Border Protection announced late Friday that some smartphones, computers, chips and other electronics would be exempted from tariffs, but Trump's top economic advisers hit the Sunday talk shows to explain the policy, saying that tariffs against electronics would be coming in the next month or two.

President Donald Trump revealed for the first time on Thursday that the United States is in talks with China on a tariff deal. Trump said a deal could be reached in the next three to four weeks.

Volvo Group's layoffs are the latest response from a car and truck industry that is reeling from the Republican president's tariffs on certain parts.

Volvo Group plans to lay off as many as 800 workers at three U.S. facilities over the next three months due to market uncertainty and demand concerns in the face of President Donald Trump's tariffs, a spokesperson said on Friday.

Volvo Group is planning to lay off as many as 800 workers at three US facilities over the next three months due to market uncertainty and demand concerns in the face of President Donald Trump’s tariffs.