President Trump imposed a 25 percent tariff on metal imports. The move is expected to raise costs for U.S. manufacturers of cars, solar panels and other products, potentially slowing the economy.

The 25% global levy comes after the U.S. and Canada backed off additional measures. The European Union responded with retaliatory tariffs.

Trump’s 2018 metals tariffs created job growth in the steel industry, but ultimately cost consumers more money as a result of job losses in industries that rely on steel and aluminum, studies have shown.