President-elect Donald Trump has upped his tariff threats, and some nations have already adjusted their strategies in response. The Trump team is still working on a deal with Mexico’s president to end the 25 percent tariff threat on Canadian and Mexican goods but the lack of progress has caused concern for some American business owners.

Gold futures fell Monday to start both the new week and month, pressured by a stronger dollar after President-elect Trump warned BRICS nations that he would require commitments that they would not move to create a new currency.

President-elect Donald Trump said he would require countries that are part of BRICS — a China- and Russia-backed group of emerging economies — to commit to not creating new currency or face 100% tariffs during his administration.