While Pence declared that behavior of Russian Federation "pales in comparison to what China is doing across this country", he only cited vague internal declarations by US intelligence agencies and then pointed to an advertisement, purchased by the state-run China Daily newspaper, that was placed in the Des Moines Register that criticized the Trump administration's trade war tactics.
The United States, Mexico and Canada completed the modernization of NAFTA after a one-year-long renegotiation, reaching a new trade deal known as the United States-Mexico-Canada Agreement (USMCA) on September 30.
The Trump administration particularly takes issue with China's tactic of imposing tariffs on products produced by some of the USA president's key supporters, such as farmers in the midwestern United States. China's strategic tariffs have been interpreted as an effort to support congressional opposition to Trump's trade policies.
Prime Minister Justin Trudeau says dairy farmers will be compensated for their expected losses under the new United States-Mexico-Canada Agreement, making the pledge directly at a meeting with their representatives on Thursday.
"Canada has agreed to domestic policy changes that will allow US dairy producers greater access to the Canadian market while also allowing Canadian dairy farmers reciprocal access to our markets", Banks explained.
Chinese Foreign Ministry spokeswoman Hua Chunying said in a statement that Pence in his speech had made "unwarranted accusations. and slandered China by claiming that China meddles in United States internal affairs and elections". More recently it pledged to soon reduce tariffs on a wide-range of consumer goods, including apparel, washing machines and makeup.
Since NAFTA began, Washington's exports into Mexico and Canada have increased 700 and 200 percent, respectively.
A Chinese foreign ministry spokeswoman, Hua Chunying, said Beijing objected to Pence's "groundless" allegations and urged the U.S.to stop hurting ties between the two countries.
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NSW Liberal Treasurer Dominic Perrottet said that without a guarantee in law there was a risk of other States being left behind. Prime Minister Scott Morrison said scrapping the tax was "a bit of common sense", Xinhua news agency reported.
Investors worldwide breathed a sigh of relief that the key players of NAFTA had survived President Trump's hardball strategy to remake the world's trading system. It is unlikely China would have made its unilateral move on tariffs had the president not campaigned about an unfair trade imbalance.
"To put it bluntly, President Trump's leadership is working; China wants a different American president", Pence said. Nothing is imminent on China.
Critics of President Trump have once again been proved wrong.
"There can be no doubt, " he said, "China is meddling in America's democracy". They are. This is what the president said on Monday: "This is also a historic win for American manufacturers and American autoworkers, who have been treated so badly. We also feel sad for the harm of economic autonomy inflicted on the relevant country", Mr. Yang said. "So what will happen is that lawyers like me will wind up taking new occupations - such as web developer or interactive media specialist - and pounding them like square pegs into round holes to make the realities of the modern world fit into the rules".
The Canadian government has not yet released its version of the trade agreement's text.
Meanwhile, stock markets tumbled from all-time highs this week as traders grew concerned about the effect of high interest rates on companies' borrowing costs in the future. The Dow Jones rose almost 280 points on Monday.
Hua turned Pence's claims back on the USA, saying "the global community has already seen very clearly in the end who is invading the sovereignty of other countries, interfering in other countries' internal affairs, and damaging the interests of other countries". Automakers are under pressure to build more cars where workers earn decent wages.
Groleau, who was among the group that met with Trudeau, said they stressed the need for a true compensation program that covers farmers' losses.