"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.

President-elect Donald Trump took to Truth Social on Monday to deny a report that he might moderate plans for across-the-board tariffs when he retakes the White House, fanning uncertainty about one of the most hotly anticipated policy moves he’s set to make.