Donald Trump’s threat to impose a “very high level” of tariffs on Denmark seems more like a problem for the Scandinavian country than the U.S. But American consumers in certain sectors would pay a price as well.

"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.

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.