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,

The U.S. and Chinese leaders are expected to speak this week. Trump will sign an order raising levies on steel and aluminum later today.

President Trump campaigned on the promise that he would lower prices, including food prices. But his decision to double tariffs on steel and aluminum to 50% is likely to have the opposite effect, including when it comes to grocery bills.