President Trump's sweeping tariff plan would cut deficits by $2.8 trillion over 10 years while shrinking the economy, the nonpartisan Congressional Budget Office said.

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

The United States is highly reliant on steel imports, bringing in more of the material from abroad than any other country in the world, according to the International Trade Administration. More than 26 million metric tons of steel were imported last year, most of which came from Brazil, Canada, Mexico, South Korea, and China.

Home builders, car manufacturers and can makers are among those that will see higher prices for materials. Those companies could charge customers more.

U.S. President Donald Trump’s 50% tariffs on imported steel and aluminum took effect early Wednesday. So what’s the current state of all the Trump levies?