Tag: economy

Amazon Will Not Disclose US Tariffs Cost on Its Website

B2 – Upper Intermediate 

There were talks that Amazon would display the costs of the US tariffs on its products on their website.  

However, Amazon has denied this and said that they never considered listing tariffs on their main retail website, but did on their low-cost Amazon Haul Store. They considered the idea, but it was never approved and implemented in the end.

Watch this video about Amazon and US tariffs.

Vocabulary Questions:

  1. Define “on-shoring”. “It’s another reason why we are on-shoring critical supply chains here at home to shore up our own critical supply chain and boost our own manufacturing here.” Use this word in a sentence.
  2. What does “duty” mean here, “This month, Trump signed an executive order that closes a trade loophole that has allowed low-value packages from China and Hong Kong to enter the United States free of duties.”? Use this word in a sentence.
  3. What does “to trade near flat” mean? “The comments by the White House sent Amazon shares down more than 2% in pre-market trading, but they rebounded and were trading near flat by midday.”? Use this phrase in a sentence.

Discussion Questions:

  1. How is Amazon affected by the growing political and trade tensions between the US and China?
  2. Amazon decided not to display the costs of tariffs on products on its website. What is your opinion on this?
  3. Do you agree or disagree that “Amazon should be more transparent about tariff costs.” What do you think are the advantages and disadvantages of doing this?
  4. The White House accused Amazon of a hostile political act. Share your insights on this.
  5. What are your thoughts on low-value packages from China and Hong Kong entering the United States not duty free anymore? What impact could this have on China and Hong Kong and on the US?

The Great Depression


B2 – Upper Intermediate

Global economic conditions have been profoundly impacted by US tariffs. One significant outcome that many people worry about is a major depression, which is the worst economic collapse in modern history. People would go from lavishly celebrating to losing everything, including their life savings.

Watch the video below to learn more about the great depression.

Vocabulary Questions:

  1. Define “snowball effect”. “As the public learned about these incredible returns from the stock market, everyone began putting money in it and talking about it more. This created a snowball effect.” Use this term in a sentence.
  2. What does “to fill the air” mean? ” “Extreme greed and unrealistic fantasy filled the air.” Use this phrase in a sentence and give a synonym.
  3. In business, what does it mean “to close the doors“? So if a local bank closed its doors, people lost their money.” Use this idiom to make your own sentence and give a synonym.

Discussion Questions:

  1. Do you think another Great Depression will begin in this century? If so, why?
  2. How would a Great Depression affect your life right now?
  3. What lessons have we learned from the Great Depression?

Tariffs on China Bring Irreversible Damage to American Businesses

B2 – Upper Intermediate

The trade relationship between the United States and China has become a topic of considerable debate, especially with the tariff war that escalated around 2018. This conflict has raised questions about whether America is specifically targeting China or if it is pursuing broader economic strategies. 

The U. S. is motivated by a desire to protect its economic interests, promote fair trade practices, and limit China’s technological advancements. This trade conflict illustrates a broader geopolitical struggle that transcends mere economics, impacting global alliances and the future of international trade. Ultimately, the path forward will require careful negotiation and mutual understanding to avoid further escalation and foster a healthier trade relationship. 

Please read the article and let’s talk about it later.

https://www.cnbc.com/2025/04/12/trump-tariffs-on-china-mean-irreversible-damage-for-most-businesses.html

Vocabulary Questions:

  1. What does  “to hit like a ton of bricks” mean? “Canceled freight orders and abandoned freight from China are quickly becoming the norm in the trade war between the U.S. and China, according to supply chain executives, as businesses across U.S. industries put a full stop on container exports, with the tariffs hitting like a ton of bricks.” Use it in a sentence.
  2. What does “low margin good ” mean? “As it became clear over the last week that China would remain the main target of the Trump administration’s tariffs policy — after the 90-day reprieve was granted to all other countries expected to be hit with new tariffs — the message that came through is that lower-margin goods cannot sustainably be produced in China.” Use it in a sentence.
  3. What does “liner service” mean? “Murphy warned that on the container liner side of the freight business, the drop in bookings coupled with the possibility of shipbuilding fees on “Chinese” vessels also going into effect next week, will result in a “massive restructuring of all liner services to North America.” Use it in a sentence.

Discussion Questions:

  1. What can you say about the article?
  2. “And it will take months to sort out the mess, with congestion and freight rate spikes for months to come.” When do you think this will end?
  3. “The biggest concern here is a complete uncertainty of the actual end-game of the Trump administration.” What do you think are the administration’s motives?
  4. “Many shippers are deploying a ‘wait and see’ approach.” How long do you think they can wait?

Trump Defends Sweeping Tariffs

B2 – Upper Intermediate

The implementation of reciprocal tariffs by Donald Trump in 2025 marked a significant shift in U.S. trade policy, aimed at addressing perceived inequities in international trade relationships. In response to persistent goods trade deficits, Trump’s administration declared a national emergency, citing the lack of reciprocity and unfair economic practices by trading partners as primary concerns. The administration’s approach involved conducting extensive investigations to identify these disparities and proposed tariffs ranging from 10% to 50%, contingent upon bilateral trade deficits.

Critics argue that the methodology underpinning these tariffs is fundamentally flawed. The Tax Foundation contends that Trump’s calculations fail to account for actual tariff rates or non-tariff barriers imposed by other nations, leading to economically detrimental outcomes. Furthermore, FactCheck.org highlights discrepancies between the tariffs proposed by Trump and the World Trade Organization’s average rates, suggesting that this misrepresentation could exacerbate tensions with trading partners. Consequently, while intended as a corrective measure for trade imbalances, Trump’s reciprocal tariffs may have far-reaching negative implications for both domestic consumers and international relations.

Read this article to know more on how Trump defended sweeping tariffs on imports.

https://www.bbc.com/news/articles/c2093qgx14po

Vocabulary Questions:

  1. What does “to play something down” mean? “Trump’s top officials stressed that the tariffs – announced last week – would be implemented as planned, playing down recession fears.” Use it in a sentence and give a synonym.
  2. What does “S&P 500” stand for and what is it? “On Friday, all three major stock indexes in the US fell more than 5%, while the S&P 500 dropped almost 6% in the worst week for the US stock market since 2020.” Use it in a sentence.
  3. What does “reciprocal tariff” mean? “Lutnick went on say the steeper reciprocal tariffs were still on track.” Use it in a sentence.

Discussion Questions:

  1. What are your thoughts on Donald Trump’s approach to tariffs during his presidency? Do you think they helped or hurt the US economy?
  2. Trump’s tariff policies were often criticized for starting trade wars. Do you think this strategy was sustainable in the long run?
  3. Share your insights on this, “There was ‘no reason’ to expect a recession as a result. This is an adjustment process.”
  4. What do you think about Trump’s statement, “I think your question is so stupid,” he told the reporter. “I don’t want anything to go down. But sometimes you have to take medicine to fix something.“?
  5. What is your country’s official opinion on this situation?

Spain’s 100% Tax for Homes for Non-EU Residents

B2- Upper Intermediate 

Spain is to impose a tax that is up to 100% of the value of the property on non-EU residents, UK citizens included. This measure is believed to be one of the ways to address the country’s increasing housing crisis.

Read the article about Spain’s plans to impose 100% property tax on foreigners from outside of EU.

Be ready to answer the questions that follow.

https://www.bbc.com/news/articles/cr7enzjrymxo

Vocabulary Questions:

  1. What does “to lose sight of something” mean? “Here in the UK, we also have problems with landlords buying multiple properties and driving up the rest, but this policy is losing sight of those of us who want to spend money in the country.” Use this phrase in a sentence and give a synonym or similar expression.
  2. What does “a drop in the ocean” mean? “But this will be a drop in the ocean in my opinion and there will be other alternatives that will have a higher impact on the housing market.” Use this idiom in a sentence and give a synonym or similar expression.
  3. What is “retrospective tax”? “I definitely wouldn’t consider trying to get in before this tax, because who knows what else they could do, a retrospective tax.” Use this term in a sentence.

Discussion Questions:

  1. Put your two cents in on this plan by the Spanish government. Are pro or against it? Do you think it could help solve the country’s housing problem? Explain.
  2. How might this impact Spain?
  3. How else can the purchase of homes by non-EU foreigners be limited?
  4. Do you think foreigners buying homes in another country actually adds to the local economy? Share your opinion.
  5. Do you agree with Spain’s “golden visa” scheme being abolished? Elaborate.
  6. If you were a non-EU resident, would you still consider buying a property in Spain now? Why or why not?

Electronic Cigarette Dispute

B2 – Upper Intermediate

Tobacco is a leading cause of life-threatening diseases like heart disease, cancer, diabetes, chronic respiratory illness, and more. Despite efforts to regulate tobacco products, the industry continues to evolve, introducing new products such as electronic cigarettes. While some argue these alternatives reduce harm, concerns remain about their long-term effects and appeal to young people. Governments and health organizations worldwide face challenges in balancing regulation and public health while considering industry influence and consumer choices.

Watch the video using the link below.

Vocabulary Questions:

  1. What does “non-communicable” mean? “While these non-communicable diseases, or NCDs for short, cannot be spread from person to person, they have still become the single leading cause of death worldwide.” Use it in a sentence.
  2. What does “geared around” mean? “By and large, U.S. trade policy is geared around making sure that markets are open so that U.S. goods, U.S. farm products, U.S. services can all be traded outside of the United States.” Use it in a sentence.
  3. What does “intervene” mean? “It really only has one exception, which is that if those restrictions are only applied on foreign products, it allows those executive branch agencies to intervene in that case.” Use it in a sentence.

Discussion Questions:

  1. How do tobacco regulations impact public health?
  2. Should governments impose stricter laws on electronic cigarettes? Why or why not?
  3. What are some challenges in balancing industry interests and public health?
  4. How do young people get influenced by tobacco marketing?
  5. What measures can individuals take to reduce tobacco consumption in their communities?

Trump’s Antics Anger Canadians

B2 – Upper Intermediate

Canada, as a young and multicultural nation, often grapples with defining its identity. However, one common sentiment among Canadians is that being ‘Canadian’ means distinctly ‘not American.’ So, when US President Donald Trump suggested Canada should become the 51st US state and referred to former Prime Minister Justin Trudeau as Canada’s ‘governor’, a title typically reserved for US state leaders, it sparked widespread anger among Canadians.

Let’s read the article to learn more about the tensions between the USA and the Canadian people.

https://www.usatoday.com/story/news/nation/2025/03/15/trump-canada-tariffs-trade-war-vacations/82411737007

Vocabulary Questions:

  1. What does the idiom “to get the cold shoulder” mean? “Americans are getting the cold shoulder from our neighbors to the north.” Use it in your own sentence and give two synonyms.
  2. Define the verb “jeer“. “Canadians are learning to “Buy Beaver” instead of U.S.-made products. They’re jeering our national anthem at hockey games.” Use it in your own sentence and give two synonyms.
  3. What is the meaning of the idiom “cannot in good conscience do something“? “They’re writing in, saying ‘I can no longer in good conscience do business with American businesses,'” said Lorenzo McGregor, 45, the co-owner of Tex’s Riverways boat shuttle service here.” Use it in your own sentence.

Discussion Questions:

  1. What are your thoughts on the idea of Canada becoming the 51st state of the United States?
  2. Do you think the relationship between the US and Canada will get better in the near future? Why or why not?
  3. Has your country ever experienced trade disputes with other nations? If so, what were the circumstances?
  4. Are there significant taxes placed on foreign goods or services in your country?
  5. How would you describe your country’s current relationship with the US?
  6. What is “Buy Beaver”? Would you use such an app if your country got into a dispute with another country?

How Will the Global Economy Fare in 2025?

B2 – Upper Intermediate 

As the new year starts, questions on how some of the world’s Powerhouse economies will fare arise.

While, the US saw strong growth, China and Germany’s economies did not see much boost in the previous year. They struggled to deal with fundamental challenges.

How will President Donald Trump’s return to office and America’s tariff-centred policies affect the global economy?

Watch the video on some insights on how the global economy will fare in 2025.

Vocabulary Questions:

  1. What is does “economic laggard” mean? “Traditionally, the German economy is seen as the Powerhouse of Europe. It is after all, the largest economy in Europe, but increasingly, it’s the economic laggard.” Use this phrase in a sentence.
  2. What does “a lump of coal in one’s stocking” mean? “If Donald Trump comes into office in January and imposes huge tariffs on imports to the US, then economies everywhere will face a big disruption and Wall Street might find a lump of coal in its stocking.” Use this idiom in a sentence.
  3. What does the phrase “in the doldrums” mean? “We think the impact of rate easing on the economy will be marginal because most of the credit-intense sectors are still in [the] doldrums.” Use this expression in a sentence.

Discussion Questions:

  1. According to the video, how will the US, German, and Chinese economy fare this year? Talk about some challenges and possible workarounds for each country.
  2. What might be the effects of US tariff-centered policies in the global economy? How about in your country?
  3. How do you think the economy of your country will fare this year?
  4. What are your thoughts on supporting the crypto industry? Could it boost a country’s economy? Explain.

Global Growth Is Expected to Remain Stable Yet Underwhelming

B2 – Upper Intermediate

The IMF’s recent World Economic Outlook indicates that while global growth remains steady, it is underperforming compared to pre-pandemic levels. Key risks include geopolitical tensions, volatility in financial markets, and potential challenges in China’s property sector. These issues are prompting economists to push for structural reforms and a “policy pivot”.

Listen to the audio and/or read the transcript to know how this policy pivot can sustain economic recovery through targeted fiscal and monetary adjustments.

https://www.imf.org/en/Publications/WEO/Issues/2024/10/22/world-economic-outlook-october-2024

Vocabulary Questions:

  1. Explain “sectoral dynamics”. “As global disinflation continues, services price inflation remains elevated in many regions, pointing to the importance of understanding sectoral dynamics and of calibrating monetary policy accordingly.” Use it in a sentence.
  2. Define “cyclical imbalance“. “With cyclical imbalances in the global economy waning, near-term policy priorities should be carefully calibrated to ensure a smooth landing.” Use it in a sentence.
  3. What does “bolster” mean? “These have been compensated for by upgrades to the forecast for emerging Asia, where surging demand for semiconductors and electronics, driven by significant investments in artificial intelligence, has bolstered growth, a trend supported by substantial public investment in China and India.” Give two (2) synonyms or similar expressions and use ‘bolster’ in your own sentence.

Discussion Questions:

  1. What are some potential impacts on consumers if financial market volatility increases?
  2. Why do you think a policy pivot is important for maintaining economic stability right now?
  3. How might challenges in China’s property market influence other economies around the world?
  4. How do you think rising geopolitical tensions affect the global economy and international trade?
  5. Do you agree or disagree with this, “Support for the most vulnerable should be maintained.” Share your thoughts.

Is Capitalism Actually Broken?

B2 – Upper Intermediate

Capitalism is an economic system where private individuals or companies own and control the production of goods. In modern capitalist economies, the prices of goods and people’s income are mostly determined by the market, based on how businesses and individuals interact, rather than by government control. Capitalism is based on private ownership, the aim of making a profit, and competition in the market.

Watch this video trying to explain whether capitalism is, in fact, broken.

Vocabulary Questions:

  1. What is the meaning of “to take hold”? “In England, the country for which we have the best data before capitalism, the share of income going to the top 5% of income earners, peaked at around 40% in 1801, and then, as capitalism took hold, it fell steadily to a low of about 17% in 1977.” Give 2 synonyms or similar expressions and use this phrase in a sentence.
  2. What does the phrase “on the other end of the spectrum” mean? “On the other end of the spectrum, at 100%, private citizens own all the capital.” Give 2 synonyms or similar expressions and use this idiom in a sentence.
  3. Explain “laissez-faire capitalism”. “At the height of the Industrial Revolution, the dials were set pretty close to what we now call “laissez-faire capitalism“.” Use this term in your own sentence.

Discussion Questions:

  1. Explain the difference between the “three dials”.
  2. Share your thoughts on capitalism.
  3. Who do you think gains from capitalism, and who faces challenges because of it?
  4. What are the advantages and disadvantages of capitalism?
  5. Are there better alternatives to capitalism? Cite some of them and give examples, too.