There’s a new addition to the ever-expanding lexicon of Trump trades, says Nomura.

President Donald Trump’s turbulent tariffs are projected to cause a sharper slowdown in economic growth in the U.S. than expected.

Economic growth will slow this year and next as the trade war hampers development in the United States and around the world, the Organization for Economic Cooperation and Development said.

The findings echo grim forecasts from other organizations, including similar a similar global outlook from the International Monetary Fund last month.

President Trump will sign an executive order Tuesday that will increase tariffs on imported steel and aluminum to 50% from the current 25%, White House press secretary Karoline Leavitt said. The increased tariffs will go into effect on Wednesday,

U.S. President Donald Trump plans to double tariffs on steel and aluminium imports to 50% from Wednesday, stepping up pressure on global steel producers and deepening his trade war.

President Donald Trump is using his love of tariffs to threaten high-profile American companies. Over the past month, Trump has said he’d like to target two specific and very different companies — Apple and Mattel — with tariffs aimed at their key products over comments by their CEOs.

U.S. stocks were mixed at midday after opening lower following President Trump's announced plans to double tariffs on imported steel and aluminum.