The 25% tax that President Donald Trump plans to slap as soon as Saturday on imports from Canada and Mexico could drive up the price of everything from gasoline to pickup trucks to the guacamole dip that features so prominently at American Super Bowl parties.

Global policymakers and Wall Street analysts have been bracing for massive trade barriers from the new Trump administration. But it focused more on the domestic front in the first week in power, leaving the global trade landscape largely unchanged.

Steep tariffs on Mexico and Canada are set to go into effect on Saturday as President Trump threatens trade with America's neighbors unless they address illegal migration, drug trafficking, and "massive subsidies in the form of deficits.