President-elect Trump has promised to impose 25% tariffs on all goods imported from Canada and Mexico, and tariffs as high as 60% on goods coming from China on day one of his new administration. What will these protectionist policies accomplish?

The BRICS alliance is a bloc of nine countries that in recent years looked to reduce dependence on the U.S. dollar.

President-elect Donald Trump — who during the campaign called tariff "the most beautiful word in the dictionary" — wasted little time after his election win before proposing even more stringent tariffs on U.