Two-thirds of CEOs said that they do not approve of Trump's tariffs, while 76% said that they believe tariffs will negatively impact their businesses in some way this year. 

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Although wholesale egg prices have continued to dip, the USDA says that it could take weeks before a similar shift trickles down to grocery stores.

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China has taken the hardest stance against Trump's tariffs of any country, with no indications that it plans to back down in the weeks to come.

Unless the EU comes to an arrangement with the U.S., 20% tariffs against the bloc will come into force on April 9.

Economists have warned that Trump's tariffs will lead to higher prices on a range of products, including cars, auto parts, electronics, furniture, coffee and chocolate.

Further analysis revealed that the rates weren't related to foreign tariffs at all, and instead targeted the United States' most prominent trade deficits.

Trump highlighted a list of countries that will be subject to tariffs above the baseline rate, including 20% for the European Union and 34% for China.

Using a 20% universal tariff as a benchmark, a Moody's simulation warned that such a levy could send the U.S. into a "serious recession."