# Tariffs, Interest Rates, Inflation and a 2025 Manufacturing Outlook w/ Daniel Doderer

- Show: [The Manufacturing Executive](https://hardwarepodcasts.com/podcast/the-manufacturing-executive)
- Published: 2025-03-04
- Length: 32m
- Episode: 247
- Page: https://hardwarepodcasts.com/podcast/the-manufacturing-executive/2025-03-04-tariffs-interest-rates-inflation-and-a-2025-manufacturing-outlook-w-daniel-doder
- Listen: https://www.spreaker.com/show/the-manufacturing-executive#episode-ed8dae6e-6933-402a-87a7-c9ddab9d9f1d

## Summary

Daniel Doderer, Research Director at Flack Global Metals, discusses the 2025 manufacturing outlook, focusing on the impact of new tariffs on steel and aluminum, the persistence of higher interest rates, and the resulting wage pressures. He explains how domestic steel producers are raising prices ahead of tariff implementation and warns that restrictive immigration policies could exacerbate labor shortages and trigger a wage-price spiral. Doderer also highlights data showing that nearly 10% of construction spending is now directed toward manufacturing, signaling a structural shift in the US industrial base.

## Chapters

- [0:04](https://hardwarepodcasts.com/podcast/the-manufacturing-executive/2025-03-04-tariffs-interest-rates-inflation-and-a-2025-manufacturing-outlook-w-daniel-doder#t=4) Introduction and Guest Background
- [5:43](https://hardwarepodcasts.com/podcast/the-manufacturing-executive/2025-03-04-tariffs-interest-rates-inflation-and-a-2025-manufacturing-outlook-w-daniel-doder#t=343) US Economy vs. Industrial Sector Divergence
- [8:25](https://hardwarepodcasts.com/podcast/the-manufacturing-executive/2025-03-04-tariffs-interest-rates-inflation-and-a-2025-manufacturing-outlook-w-daniel-doder#t=505) Interest Rate Outlook and Fed Policy
- [10:28](https://hardwarepodcasts.com/podcast/the-manufacturing-executive/2025-03-04-tariffs-interest-rates-inflation-and-a-2025-manufacturing-outlook-w-daniel-doder#t=628) Impact of New Tariffs on Steel and Aluminum
- [17:56](https://hardwarepodcasts.com/podcast/the-manufacturing-executive/2025-03-04-tariffs-interest-rates-inflation-and-a-2025-manufacturing-outlook-w-daniel-doder#t=1076) Supply Chain Pain Points and Price Floors
- [21:01](https://hardwarepodcasts.com/podcast/the-manufacturing-executive/2025-03-04-tariffs-interest-rates-inflation-and-a-2025-manufacturing-outlook-w-daniel-doder#t=1261) Labor Shortages, Immigration, and Wage Pressure
- [26:30](https://hardwarepodcasts.com/podcast/the-manufacturing-executive/2025-03-04-tariffs-interest-rates-inflation-and-a-2025-manufacturing-outlook-w-daniel-doder#t=1590) 2024 Review and 2025 Outlook Report

## Topics

- [Policy, trade & tariffs](https://hardwarepodcasts.com/topic/policy-trade-and-tariffs)
- [Pricing, margins & unit economics](https://hardwarepodcasts.com/topic/pricing-and-unit-economics)
- [Hiring & workforce](https://hardwarepodcasts.com/topic/hiring-and-workforce)
- [Scaling production](https://hardwarepodcasts.com/topic/scaling-production)

## Most relevant to

large enterprises

## Mentioned

- Flack Global Metals (company)
- Gorilla 76 (company)
- Trump administration (other)
- Federal Reserve (other)
- WTO (other)

## Related episodes from other shows

- [Tariffs and Trade: EMS & The Economist on Global Manufacturing's Future Amid Political Shifts](https://hardwarepodcasts.com/podcast/ems-c-level/2025-02-05-tariffs-and-trade-ems-the-economist-on-global-manufacturings-future-amid-politic) (EMS@C-LEVEL)
- [EMS & The Economist - Tariffs Special - April 13th, 2025](https://hardwarepodcasts.com/podcast/ems-c-level/2025-04-14-ems-the-economist-tariffs-special-april-13th-2025) (EMS@C-LEVEL)
- [313 - "We don't see a recession in 2025" Tariffs and the Economy with Lauren Saidel-Baker from ITR Economics](https://hardwarepodcasts.com/podcast/people-of-packaging/2025-06-12-313-we-dont-see-a-recession-in-2025-tariffs-and-the-economy-with-lauren-saidel-b) (People of Packaging)
- [124: Tariff Talk](https://hardwarepodcasts.com/podcast/thoroughly-considered/2025-05-08-124-tariff-talk) (Thoroughly Considered)
- [Navigating Tariffs, Talent, and Technology: Parting Insights from IPC APEX 2025](https://hardwarepodcasts.com/podcast/ems-c-level/2025-03-21-navigating-tariffs-talent-and-technology-parting-insights-from-ipc-apex-2025) (EMS@C-LEVEL)

## Citing this page

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