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		</div><p>China has announced a 90-day suspension of tariff hikes on $126bn of US cars, trucks and motor parts following its ceasefire in a trade battle with Washington.</p>
<p>The tax agency said the suspension, which takes effect on January 1, is intended to carry out the agreement reached by presidents Donald Trump and Xi Jinping during a December 1 meeting in Argentina.</p>
<p>The agency said Beijing will suspend a 25% import charge on $66bn of cars and trucks and a 5% charge on $60bn of motor parts.</p>
<p>Mr Trump agreed earlier to suspend planned US tariff hikes due to take effect on January 1 on Chinese imports while the two sides negotiate.</p>
<p>China has indicated it plans to move ahead with the talks despite strains over the arrest of a Chinese technology executive in Canada to face possible US charges related to a violation of trade sanctions on Iran.</p>
<p>The Chinese penalties were imposed in response to Mr Trump&#8217;s decision to slap 25% tariffs on $50bn of Chinese goods and a 10% charge on another $200bn.</p>
<p>The US and other trading partners complain that Beijing steals or pressures companies to hand over technology in violation of its market-opening obligations.</p>
<p>American officials also worry that Chinese industry plans that call for state-led creation of global champions in robotics and other fields threaten US industrial leadership.</p>
<p>A spokesman for China&#8217;s Commerce Ministry, Gao Feng, said the two sides were in &#8220;close contact&#8221; but gave no timetable for possible face-to-face negotiations.</p>
<p>Economists say 90 days is probably too little time to resolve conflicts that have bedevilled US-Chinese relations for years. They say Beijing&#8217;s goal will probably be to show it is making progress so Mr Trump extends his deadline.</p>
<p>Beijing officials expressed confidence China could withstand US pressure but the fight battered consumer confidence and threatened export industries that support millions of jobs.</p>
<p>The tariff cut lowers the charge for US-made cars and trucks to 15%, the same as imports from other countries.</p>
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