Steel and aluminum tariffs could cause broad price hikes across industries, experts say

Sweeping 25% tariffs on all U.S. steel and aluminum imports could cause a rise in prices for a wide range of products including cars and washing machines and other consumer goods, as well as components used in manufacturing and construction, such as nails.

Anything that's made with metal, from homes and cars to canned foods and beverages could soon get a new and higher price tag. 

"All manufacturing that uses steel or aluminum, or uses something that uses steel and aluminum will be affected," international trade expert Christine McDaniel, senior research fellow at the Mercatus Center at George Mason University, told CBS MoneyWatch.