Reference no: EM133491966

Assignment: National Debt

Brian Wesbury is Chief Economist at First Trust Advisors L.P., a financial services firm based in Wheaton, Illinois.

Mr. Wesbury has been a member of the Academic Advisory Council of the Federal Reserve Bank of Chicago since 1999. In 2012, he was named a Fellow of the George W. Bush Presidential Center in Dallas, TX where he works closely with its 4%-Growth Project.

His writing appears in various magazines, newspapers and blogs, and he appears regularly on Fox, Bloomberg, CNBC and BNN Canada TV.

In 1995 and 1996, he served as Chief Economist for the Joint Economic Committee of the U.S. Congress. The Wall Street Journal ranked Mr. Wesbury the nation's #1 U.S. economic forecaster in 2001, and USA Today ranked him as one of the nation's top 10 Forecasters in 2004.

Mr. Wesbury received an M.B.A. from Northwestern University's Kellogg Graduate School of Management, and a B.A. in Economics from the University of Montana. McGraw-Hill published his first book, The New Era of Wealth, in October 1999. His most recent book, It's Not As Bad As You Think, was published in November 2009 by John Wiley & Sons.

Task

Go to the link below, watch the short video and write a short paper (1 page or less) discussing the following regarding Trump's "Trade War" with China:

Question A. How is this situation different than Smoot Hawley during the Great Depression?

Question B. What are US companies doing to offset the costs of the tariffs on goods from China?

Question C. What specifically has Home Depot done to protect their interests?

Question D. Who are our top 4 trading partners?

Question E. Of our top 4 trading partners, who has Trump negotiated new deals with and how does Wesbury feels these deals compare/contrast with China?

Question F. What is Wesbury's conclusion? Do you think the markets and media are painting a much worse picture than what is actually happening?