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A 10% tariff on Chinese goods has already taken effect and proposed 25% tariffs on Canadian and Mexican imports鈥攃urrently paused for 30 days鈥攚ould add an additional $3,342 to annual expenses for a family of four, according to an analysis by James Knightley, chief international economist at ING.

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.

Trump鈥檚 first days in office exacerbate uncertainty over tariff plans: While Mexico and Canada are firmly in the administration鈥檚 sights, other tariffs are up in the air.

Not its first rodeo: Best Buy aims to learn from its experience operating an online marketplace in the US from 2011 to 2016, as well as its marketplace in Canada. The retailer鈥檚 previous marketplace only drove about 1% of domestic revenues and led to confusion among consumers who bought items from third-party sellers then tried to return that merchandise to the retailer鈥檚 stores.

Canadian Prime Minister Justin Trudeau resigned as the country scrambled to respond to Trump鈥檚 threats. India is mulling subsidies to lure consumer electronics manufacturers from China. Meanwhile, China鈥檚 policymakers are dusting off old strategies鈥攍ike allowing the yuan to weaken鈥攖o blunt the impact of impending tariffs.

Following his inauguration, Trump promised 25% tariffs on Canada and Mexico starting February 1, which could lead to costlier claims for auto insurers. But the president appears to be walking back some of his campaign promises of sweeping tariffs, per Bloomberg.

Wayfair now plans to open another US store or two 鈥渋n short order鈥� and expand its brick-and-mortar model to international markets like Canada and the UK, Gulliver said. Our take: Layoffs are tough, but Wayfair is making the necessary moves to drive growth. Go further: Read how Wayfair and other housing-related retailers performed in our Retail & Ecommerce Earnings Q3 2024 report.

Canada-based wealth management startup Wellington-Altus, for example, funneled almost half of an $85 million raise it received in 2021 toward recruitment bonuses to attract advisors. Freeing up advisor time for client interactions. Banks can offset some advisory service expenses by making their advisors as efficient as possible.

It鈥檚 unclear if this pivot will affect the additional tariffs that Trump threatened to impose on Mexico, Canada, and China to compel stronger responses to migration and drug trafficking.

Tariff threats are also creating ripple effects around the world: They contributed to Canadian Prime Minister Justin Trudeau鈥檚 resignation and increased the likelihood that Chinese policymakers will allow the yuan to weaken. Our take: The impacts of Trump鈥檚 tariffs are already being felt鈥攅ven before their shape and structure are known.

Fifty-eight percent of US households are 鈥渆xtremely concerned鈥� about inflation: While grocery price growth has normalized, the rapid increases over the past few years continue to influence shopping behaviors.