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Jamieson Greer: “There are other Asian economies, Vietnam, elsewhere, who…”

Featuring: Jamieson Greer, U.S. Trade Representative | National

From Hamilton to Today: Trade and U.S. Economic Strategy with Ambassador Jamieson Greer

Published January 20, 2026 | Video Starts at 40:32

Well, first and foremost, you know, we worry about the American economy and so we've taken measures to protect against overcapacity, certainly from China, they're the biggest offender. But There are other Asian economies, Vietnam, elsewhere, who have a lot of overcapacity. They have high tariffs too. You know, I can't change other countries trade policy. Right. I can't, I can't force them to take, you know, measures to protect their own economies. (40:32–40:37)

CLAIM

Asserts that Vietnam and other Asian economies have significant overcapacity.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Jamieson Greer

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“American per capita industrial output increased 525% from 1750 to 1860.”
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“By 1913, US per capita industrial output was the greatest in the world, 10% greater than that of the UK.”
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“American industrial production soared by over 1000% between 1860 and 1910.”
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“Lyndon Johnson imposed 25% tariffs on pickup trucks that we still have to this day.”
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“President Nixon put a 10% global tariff on the world in 1971.”
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“We reduced that trade deficit with China by about 25% last year.”
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“Canada put a big tariff on Chinese electric vehicles of 100%.”
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“Canada's GDP is 75% dependent on the United States.”
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“Smoot Hawley ended up raising the average tariff rate from 40 to 46%.”
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“We bound our hands with NAFTA and the World Trade Organization in ways that made it impossible for the United States to effectively respond…”
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“The American system had become in some ways a global economic system, shaping the structures of economies far beyond our borders.”
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“The negotiators at Bretton woods and other economic conferences wrote new rules based on this and baked tariffs and trade measures into the…”
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