U.S. homebuyers stand to bear the brunt of higher costs for builders from the new 50-percent tariffs on imported steel and aluminum.

Key Takeaways President Donald Trump's higher tariffs on steel and aluminum will go into effect on Wednesday.The 50% tariffs, doubled from 25%, could boost U.S. steel and aluminum producers but hurt businesses that make things out of the metals.

Cars, cans and coffee tins are all poised to get more expensive, as 50 percent tariffs on steel and aluminum take effect.