Trump’s announcement that the United States will impose a 25% tariff on steel imports and a 10% tariff on aluminum imports has become the latest cause of concern for the U.S. economy and Wall Street. The tariffs are likely to result in an increase in raw material cost for manufacturers that use these metals.Against this backdrop, with the help of an article published on npr.org, we highlight some sectors that could be impacted the most from the tariffs (read: Watch These ETFs as Trade War Risks Rise).AutoBoth steel and aluminum are vital to the production of cars and trucks sold in America and would push up the sale prices of those vehicles considerably. The American Automotive Policy Council believes that the change would put the U.S. auto industry at a "competitive disadvantage."However, the price hike won’t be the same for all. CNBC reported that General Motors GM sees only a modest impact because it buys 90% of “steel for U.S. production from U.S. suppliers." On the other hand, Honda Motor Co HMC said that “imprudent tariffs imposed on imported steel and aluminum would raise prices on both domestic and imported products, thus causing an unnecessary financial burden on customers.”In this situation, First Trust NASDAQ Global Auto Index Fund CARZ should be monitored closely. However, since the fund invests only 19.67% in the United States, severe threat to the product is unexpected (read: ETFs in Focus Post Automobile Earnings).Alternative EnergySolar projects, wind turbines and energy storage units are also likely to be pricier. The tariff could result in a hike in the cost of offshore platforms and pipelines. In any case, the Trump administration's 30% tariff on imported solar cells and modules was put into effect this year (read: Trump's Import Tariffs: ETF & Stocks in Focus).Now with extra price increases on steel and aluminum, “which are used in ground-mount and rooftop solar racking systems,” the sector could be hit hard. Alternative ETFs including Guggenheim Solar ETF TAN and First Trust ISE Global Wind Energy Index Fund FAN should thus be followed with extra caution (read: Alternative Energy ETFs to Gain From First Solar Q4 Results).AerospaceU.S. aerospace industry thrives on steel and aluminum imports to construct aircraft. About 80% of an aircraft is made of aluminum. Companies like Boeing Company BA, Lockheed Martin LMT and Northrop Grumman NOC may come under pressure. Aerospace and defense ETFs like iShares U.S. Aerospace & Defense ETF ITA and SPDR S&P Aerospace & Defense ETF XAR may also feel the pinch.CandyAluminum foils are used to wrap chocolates. So, the tariff could lead to high costs for Hershey Company HSY and Mondelez International Inc. MDLZ. "Such a broad and sweeping order could have a negative impact on the entire U.S. economy, potentially costing U.S. jobs and ultimately, hurting American consumers through higher prices for everyday products," according to the Hershey spokesman, as quoted on npr.org.BeerLast but not the least, how can investors forget the beer industry? Imported aluminum is used to make beer cans. Companies like Molson Coors Brewing Company TAP, Anheuser-Busch Inbev SA BUD, Constellation Brands Inc STZ and Diageo Plc DEO may face the rising cost issue. At the same time, the announcement puts Spirited Funds/ETFMG Whiskey & Spirits ETF WSKY in focus.ConsumerAlong with most market watchers, we too believe that companies will try to pass on some cost escalation to consumers. As a result, consumer ETFs like iShares U.S. Consumer Services ETF IYC may get slightly hurt.Want key ETF info delivered straight to your inbox?Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Northrop Grumman Corporation (NOC): Free Stock Analysis Report Boeing Company (The) (BA): Free Stock Analysis Report Lockheed Martin Corporation (LMT): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Honda Motor Company, Ltd. (HMC): Free Stock Analysis Report Constellation Brands Inc (STZ): Free Stock Analysis Report Molson Coors Brewing Company (TAP): Free Stock Analysis Report Diageo PLC (DEO): Free Stock Analysis Report Anheuser-Busch Inbev SA (BUD): Free Stock Analysis Report GUGG-SOLAR (TAN): ETF Research Reports ISHARS-US AEROS (ITA): ETF Research Reports FT-GLB WIND EGY (FAN): ETF Research Reports FT-NDQ GL AUTO (CARZ): ETF Research Reports SPDR-SP AER&DEF (XAR): ETF Research Reports ETFMG-WSKY&SPRT (WSKY): ETF Research Reports ISHARS-US CN CY (IYC): ETF Research Reports To read this article on Zacks.com click here. Zacks Investment Research Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report