A tool for modifying a workpiece by either trimming or joining the workpiece. The tool is an electro-hydraulic tool that uses a pulse transmitted through a liquid to trim a workpiece or to join two thicknesses of metal together. A method of trimming the workpiece includes the steps of providing a high voltage discharge in a liquid that drives a workpiece into engagement with a cutting edge of a tool steel insert. A method of joining two or more thicknesses of metal together includes the step of creating a high voltage discharge through an electrode that accelerates one panel or thickness of metal into a second panel that is held stationary by a backing plate while the first thickness of metal is accelerated into the second thickness of metal.