As President-elect Donald Trump announces his plans for new tariffs against China, Mexico, and Canada, Citi Wealth chief investment strategist and chief economist Steven Wieting finds these tariff prospects and potential deregulations to be a case of "sugar and vinegar" for the incoming Trump administration.

Wieting underlines the uncertainty stemming from Trump's proposed trade tactics and its impact on currency markets.

"Speaking to [National Economic Council Chief hopeful] Kevin Hassett, for example, [it's]quite encouraging that tariffs if you've got to have them using them as a tool to get trade barriers down for American exporters," Wieting tells Julie Hyman and Josh Lipton. "If that's going to be the end goal at the end of some process, that sounds a lot better than simply saying, 'well, we don't care if you can't make it here, you can't have it."

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This post was written by Luke Carberry Mogan.