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President-elect Donald Trump plans to impose 25% tariffs on all imports from Mexico and Canada on his first day in office in January. That will send the price of grocery-store staples such as avocados and maple syrup soaring. He has also threatened to levy 100% tariffs on members of BRICS, an informal consortium of countries including Brazil, which could drive up the cost of coffee and other products.

Our take: The incoming Trump administration鈥檚 mandate to raise tariffs on China, Mexico, and Canada has already resulted in China banning rare mineral imports to the US, putting companies like Nvidia on the defensive. This article is part of 蘑菇AV鈥檚 client-only subscription Briefings鈥攄aily newsletters authored by industry analysts who are experts in marketing, advertising, media, and tech trends.

We took a hot air balloon around Teotihuacan, the old ruins in Mexico, outside of Mexico City in the morning, and it was beautiful, but I was terrified. Marcus:. Nope. Would you get in one for two weeks? First hot air balloon trip around the world, American millionaire Steve Fossett in 2002 on his sixth attempt. What happened the first five? The trip lasted two weeks, 22,000 miles.

Our expanded retail and ecommerce forecast coverage now includes country-level breakouts for 66 nations around the world. North America, China, and Western Europe continue to drive global outcomes, but a total of 53 countries will have at least $1 billion in ecommerce sales.

President-elect Donald Trump said he plans to impose a 25% tariff on imports from Canada and Mexico and an additional 10% tariff on goods from China. Fortunately, many retailers, including Williams-Sonoma and Gap Inc., have reduced their reliance on China in recent years.

There鈥檚 uncertainty ahead: Additionally, Trump has proposed blanket tariffs on Mexico, Canada, and China, per The Guardian. This plan has sparked panic among various industries, including manufacturing, which relies heavily on imports to protect its margins. What that uncertainty means for banks: In the short term, banks are protecting their revenues by factoring in some market ups and downs.