UNIT 9 (1):
INTERNATIONAL MARKETS
Warm-up
Lets watch a video about “the US and China Trade
War, How Tariffs Work & Impact the Economy”
https://www.youtube.com/watch?v=ejuA_zdxPlI
• What do you know about the US economy and the Chinese economy?
• What do you know about trade between the two countries?
READING
TRADE BETWEEN CHINA AND
THE US
Activity 1: (A, page 84, Course Book)
Work in pairs. Read the two articles quickly and choose the best title for each one.
A2
a) US-China trade has cost 2.3 million American jobs
b) US protectionism is not the way forward
c) Stop blaming China for US trade deficit A1
d) Yuan needs to rise against the US dollar
Activity 2: (B, page 85, Course Book)
Look at the articles again. Decide if the statements are true (T) or False (F).
Article 1
1. The US should concentrate on being more competitive economically. T
2. The US should be protectionist. F
3. The US should argue for a stronger Chinese currency in order to reduce the US’s
trade deficit with China. F
4. The US and China should focus on the openness of their trading relationship. T
Article 2
5. The US should recognize how much the Chinese currency has already risen
against the dollar. T
6. US labor unions say China has manipulated its currency to give Chinese
companies an unfair advantage in international trade. T
7. The Chinese save less of their income than Americans. F
8. Americans have recently bought Chinese-made goods at low prices. T
Activity 3: (C, page 85, Course Book)
Find the opposites of these words in the articles.
1. free trade Protectionism
slowdown
2. upturn
deficit
3. surplus
Co-operation
4. dispute
5. decreased risen
6. spend save
Activity 4: (D, page 85, Course Book)
Complete the sentences with words you found in exercise C.
protectionism
1. Economists know that ……………………... and import taxes promote
inefficiency.
co-operation
2. The study was done in ……………………… with local businesses.
slowdown
3. There has been a …………………….. in the tourist trade.
deficit
4. The figures show a trade ……………………… of $4 billion.
Activity 6: Pronoun Reference
What does the underlined pronoun refer to?
1. ‘And it should not argue for a stronger currency …’ (article 1, line 11)
THE US
2. ‘Even when they found new jobs, …’ (article 2, line 5)
AMERICAN WORKERS
3. ‘…. have long accused China of manipulating its currency…’(article 2, line18)
CHINA’S
