"President-elect Trump has proposed various tariff plans at various times on the import of foreign goods, including a 10% blanket tariff on all imports, a 60% tariff on Chinese goods and 25% tariffs on goods from Mexico and Canada," says Ben Johnston, chief operating officer of Kapitus, a financial services firm that focuses on small business.

Donald Trump administration will apply tariffs to every country, but not everything. What are the implications?

The U.S. dollar was lower on Monday in volatile trading after conflicting reports about how aggressive President-elect Donald Trump's planned tariffs would be when he takes office. The dollar dropped as much as 1.