The Reading / Listening - Trade War - Level 2

A trade war may break out between the USA and China. Stock markets in Asia fell on Friday because investors are worried. U.S. President Donald Trump plans to hit Chinese companies with trade tariffs. A tariff is a tax on goods and services coming in from other countries. President Trump said he would issue tariffs on up to $60 billion of Chinese imports. China said it would issue its own tariffs in reply. Tokyo's Nikkei share index fell by more than 4 per cent on Friday. Markets in Shanghai and Seoul fell by 3 per cent. There was also a fall on New York's Wall Street stock exchange.



World trade experts are worried that the tariffs could start a global trade war. A researcher said: "If the tariffs go ahead...China will retaliate. It is impossible to imagine that they cannot. And then we expect the U.S. to retaliate further. This can turn ugly on a global scale very quickly." President Trump wants to protect U.S. workers and companies. He is not happy with the trade imbalance with China. The USA buys $385 billion more goods from China than China buys from the USA. Trump wants to reduce this imbalance by $100 billion with his tariffs.

Try the same news story at these levels:

    Trade War - Level 0 Trade War - Level 1   or  Trade War - Level 3

Sources
  • https://www.washingtonpost.com/world/asia-markets-slump-as-fears-of-trade-war-mount/2018/03/23/f641e906-2e0b-11e8-8dc9-3b51e028b845_story.html
  • https://sg.news.yahoo.com/asian-markets-plunge-wall-street-trump-sparks-trade-020817042--finance.html
  • http://www.bbc.com/news/business-43510802


Make sure you try all of the online activities for this reading and listening - There are dictations, multiple choice, drag and drop activities, crosswords, hangman, flash cards, matching activities and a whole lot more. Please enjoy :-)



Phrase Matching

Paragraph 1

  1. A trade war may break
  2. investors are
  3. hit Chinese companies with
  4. A tariff is a tax on goods
  5. tariffs on up to $60 billion of
  6. it would issue its own tariffs
  7. Markets in Shanghai and Seoul
  8. New York's Wall Street stock
  1. in reply
  2. and services
  3. exchange
  4. worried
  5. fell by 3 per cent
  6. out
  7. Chinese imports
  8. trade tariffs

Paragraph 2

  1. world trade
  2. start a global
  3. If the tariffs go ahead, China
  4. we expect the U.S. to retaliate
  5. This can turn
  6. Trump wants to protect
  7. He is not happy with the trade
  8. Trump wants to reduce
  1. ugly
  2. will retaliate
  3. this imbalance
  4. experts
  5. further
  6. imbalance
  7. trade war
  8. U.S. workers

Listening — Listen and fill in the gaps

A trade war (1) ___________________ between the USA and China. Stock markets in Asia fell on Friday because (2) ___________________. U.S. President Donald Trump plans to hit Chinese companies with trade tariffs. A tariff (3) ___________________ on goods and services coming in from other countries. President Trump said he would issue tariffs on up to $60 billion of Chinese imports. China said it (4) ___________________ own tariffs in reply. Tokyo's Nikkei share index (5) ___________________ than 4 per cent on Friday. Markets in Shanghai and Seoul fell by 3 per cent. There was (6) ___________________ on New York's Wall Street stock exchange.

World trade experts (7) ___________________ the tariffs could start a global trade war. A researcher said: "If the (8) ___________________...China will retaliate. It is impossible to imagine that they cannot. And then (9) ___________________ U.S. to retaliate further. This can (10) ___________________ a global scale very quickly." President Trump wants to protect U.S. workers and companies. He is not happy (11) ___________________ imbalance with China. The USA buys $385 billion more goods from China than China buys from the USA. Trump wants to reduce (12) ___________________ by $100 billion with his tariffs.

Put a slash (/) where the spaces are

AtradewarmaybreakoutbetweentheUSAandChina.StockmarketsinA
siafellonFridaybecauseinvestorsareworried.U.S.PresidentDonaldTr
umpplanstohitChinesecompanieswithtradetariffs.Atariffisataxongo
odsandservicescominginfromothercountries.PresidentTrumpsaidhe
wouldissuetariffsonupto$60billionofChineseimports.Chinasaiditwo
uldissueitsowntariffsinreply.Tokyo'sNikkeishareindexfellbymoretha
n4percentonFriday.MarketsinShanghaiandSeoulfellby3percent.The
rewasalsoafallonNewYork'sWallStreetstockexchange.Worldtradeex
pertsareworriedthatthetariffscouldstartaglobaltradewar.Aresearch
ersaid:"Ifthetariffsgoahead...Chinawillretaliate.Itisimpossibletoima
ginethattheycannot.AndthenweexpecttheU.S.toretaliatefurther.Thi
scanturnuglyonaglobalscaleveryquickly."PresidentTrumpwantstopr
otectU.S.workersandcompanies.Heisnothappywiththetradeimbalan
cewithChina.TheUSAbuys$385billionmoregoodsfromChinathanChi
nabuysfromtheUSA.Trumpwantstoreducethisimbalanceby$100billi
onwithhistariffs.

Student survey

Write five GOOD questions about this topic in the table. Do this in pairs. Each student must write the questions on his / her own paper. When you have finished, interview other students. Write down their answers.

(Please look at page 12 of the PDF to see a photocopiable example of this activity.)

Discussion — Write your own questions

STUDENT A’s QUESTIONS (Do not show these to student B)

(a) ________________

(b) ________________

(c) ________________

(d) ________________

(e) ________________

(f) ________________

(g) ________________

(h) ________________

STUDENT B’s QUESTIONS (Do not show these to student A)

(i) ________________

(j) ________________

(k) ________________

(l) ________________

(m) ________________

(n) ________________

(o) ________________

(p) ________________





Free writing

Write about this topic for 10 minutes. Comment on your partner’s paper.

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Answers

(Please check your answers against the article above.

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