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China鈥檚 latest ecommerce behemoth is a digital advertising heavyweight. PDD owns the worldwide phenomenon Temu, but Temu鈥檚 ad revenues account for only a small portion of PDD鈥檚 total. Most of the parent company鈥檚 $30.10 billion derives from inside China.

At the same time, President Donald Trump has suggested tariffs on cars imported from Canada could rise even further鈥攔aising more questions than answers for the industry. Our take: The lack of clarity has left automakers and industry groups lobbying hard for relief, but so far, no firm policies have emerged.

Fewer US consumers shopped on Black Friday this year, despite record spending, per PYMNTS鈥攊ndicating higher spending per shopper. Big-ticket spending also saw an uptick, likely fueled by some shoppers splurging ahead of potential tariffs. Commercial banking shifts ahead: Corporations in the US and abroad are trying to plan around the uncertainty.

Canadians are especially reluctant to travel south at the moment: Air Canada reported a 10% drop in demand for bookings between Canada and the US for the April to September period, while border crossings between the two hit their lowest level since the pandemic in February.

Hudson鈥檚 Bay looks to liquidate its stores: While the pandemic dealt a severe blow to its sales, the escalating US-Canada trade war may have delivered the final hit.

For now, Canada and Mexico are exempt from reciprocal tariffs, but they鈥檙e not in the clear. Both countries are still subject to the 25% tariffs imposed last month over their alleged failures to curb illegal immigration and drug trafficking, although those are paused for now on USMCA-compliant goods.

Canadian consumers have turned away from US products amid tensions over tariffs as well as calls from President Donald Trump for Canada to be annexed as the 51st US state. Global favorability of the US fell about 20 points from January into March, per Morning Consult Intelligence, with views from Canada down 44 points, France 33 points, and the UK 31 points.

The funds will go toward increasing its store footprint and enhancing its ecommerce capabilities, among other things. The investment will create 5,500 jobs, per Caride鈥攁 boost for Mexican president Claudia Sheinbaum as she looks for ways to mitigate tariffs鈥� impact on the economy.

Zooming out: Consumers are validating marketers鈥� concerns as Canada, China, and the EU implement retaliatory tariffs. 91% of US shoppers are preparing to change their buying habits in response to the tariffs, with 41.4% planning on using sales or coupons, per Numerator, indicating that many might be hesitant to accept future price spikes.

Beyond that, the broader trade war risks fueling price hikes across the board, making shoppers more hesitant to splurge on discretionary purchases鈥攊ncluding alcohol. Go further: Read our FAQ: How Trump Tariffs on Latin American Imports Will Affect US Brands.

Mobile P2P payments are struggling to capture users in Canada. But banks and digital wallet providers can lean into their respective strengths to create a rosier outlook for growth.

How will tariffs affect international ecommerce? Trump鈥檚 punishing tariffs on Chinese imports could significantly impact Chinese retailers like Temu and Shein, which rely on low-cost goods to compete in the US.

As if that weren鈥檛 enough, airlines must also navigate slumping demand from Canadian travelers who are avoiding visiting the US in response to tariffs and worsening diplomatic relations. Cutting back: As travel patterns shift, airlines are cutting costs by trimming their capacity. United will reduce capacity in areas where it has high government traffic as well as in Canadian markets.