President Trump has officially hiked tariffs on aluminum and steel to 50% – despite growing warnings that his aggressive trade tactics could sharply curb U.S. growth and drive inflation higher. Charlotte Howard and Dan Nathan discuss on The 11th Hour.

In the aftermath of steel and aluminum tariffs during Trump's first term, major appliances showed price increases of between 5% and 10% between June 2018 and April 2019, Jason Miller, a professor of supply chain management at Michigan State University, previously told ABC News, citing a monthly government data release.

Georgia businesses that rely on steel and aluminum will face higher costs after import taxes on these metals were doubled to 50% on Wednesday.