The “Prezi” that we used for the international trade section of the syllabus is included below. It only covers the standard level content, and not the additional higher level material such as comparative advantage and trade diversion and creation.
The Chinese have a fixed currency that the US feels is undervalued and is therefore resulting in the US running a large balance of payments deficit against China. The chinese have a fixed currency and so it would require an revaluation rather than appreciation to increase its value. BBC article – China hits back at …