China says US has promised to limit replacement tariffs to 20%
July 27, 2026 at 9:00 am EDT President Donald Trump and Xi Jinping shake hands as they leave after their talks in Busan, South Korea, in autumn. (Andrew Harnick/Getty Images) key takeaways: China said that during trade talks on July 27, the US committed to limit substitution tariffs on Chinese goods to 20% and the