Richard Clarida, former Fed vice chairman, will participate in the El Confidencial-PIMCO forum.

Since US President Donald Trump announced the pause of his tariff plan , uncertainty about the future of the global economy has dominated the markets. Given this new outlook, El Confidencial and PIMCO will bring together several leading experts, including former Federal Reserve Vice Chairman Richard Clarida, to explore the impact that the tariff and fiscal policies announced by the White House would have on the global, European, and Spanish economies.

They will do so at the forum "Guidelines for Navigating a 2025 Full of Uncertainties and Challenges," which will be held on the morning of Wednesday the 25th in the El Beatriz auditorium. It will feature two interviews and a roundtable discussion.

The event will open with an interview with Richard Clarida , former vice president of the Federal Reserve and Managing Director of PIMCO's New York office, who will analyze the consequences that President Trump's policies will have on the United States economy . During his interview, he will seek to answer whether the world's largest economy would face only an increase in inflation or if the risk of a recession is real .

The forum is being held at a critical time, two weeks before US tariffs on the European Union are expected to rise by up to 50%.

Two weeks before June 9, the date on which the US president threatened to resume tariffs, this meeting comes at a critical time to understand the impact the outcome of the negotiations will have . If no agreement is reached with the US, European products would be traded with a 50% tax. Furthermore, if the president's proposed fiscal package is approved, the world's leading economic power's deficit would increase by 150% .

Among the experts at this event is the chairman of Banco Sabadell , Josep Oliú , who will speak from his experience in his sector in an interview entitled "Banking in the Face of the New Global Order: Risks and Opportunities." The Catalan banker will address various topics during his presentation, at a key moment for the bank, ranging from the risks to international portfolios in the face of rising protectionism to the possible role of intra-European cross-border mergers .

The impact of geopolitics

Finally, the round table of the same name as the event will feature the participation of Nemesio Fernández-Cuesta , senior Energy advisor at Alantra Partners , José Manuel González Páramo , president of the Board of Directors of European Data Warehouse, Raymond Torres , director of Economic Situation at Funcas , and Miguel Otero , principal investigator at the Elcano Royal Institute and will be moderated by Ramón González Férriz , journalist at El Confidencial.

In this colloquium, experts will explore the rise of geopolitical threats to the global economy, the European Union 's scope for independence , and the rising role of China . They will do so by analyzing various topics such as the future of economic policy, market stability, the transition of the energy market, and the future of the dollar's hegemonic role .