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.

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.

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

The president is set to raise tariffs on steel and aluminum this week, even as the courts are challenging the legitimacy of other levies.

President Donald Trump warns of economic ruination if courts rule against his tariffs after the U.S. Court of International Trade blocks emergency import taxes.