Trump said China had been in touch since the imposition of tariffs and expressed optimism that they could reach a deal.

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.

Your Christmas decorations probably come from this one Chinese city. But anxiety is high, with vendors on the front lines of the US-China trade war.