On 8 May, the European Commission launched a public consultation (open until 10 June) to gather feedback on the impact of US tariffs on European goods and on the proposed list of US products that could be subject to EU counter-tariffs. Base oils are not included, but certain lubricant products, and particularly additives, may be subject to tariffs if negotiations with the US are not satisfactory. As additives play a critical role in the formulation of lubricants and their inclusion could disrupt the industry, weaken the EU’s competitiveness, and impose higher costs on consumers, UEIL will reply to the consultation. UEIL Members are also encouraged to do the same to strengthen our collective position.
Given that the tariff situation is front and center for ILMA members, Andras Koppanyi of McGriff wanted to share this webinar from Marsh McLennan with committee members.
Navigating geopolitical risk and uncertainty:
The impact of changing trade policies
The uncertainty surrounding the evolving trade and tariff environment is creating significant challenges, and raising many questions, for businesses worldwide.
Join Marsh McLennan geopolitical and finance experts to explore the potential impacts of the changing trade landscape and how businesses can protect operations against volatility, strengthen organizational resilience for long-term success and help prepare their workforces for the future.
Date: Wednesday, April 16, 2025
Time: 10:00 – 11:00 am ET
Featured speakers:
- Carolina Klint, Chief Commercial Officer, Europe, Marsh McLennan
- James Crask, Global Head of Multinational Clients, Marsh Advisory
- Dan Tannebaum, Partner, Global Anti-Financial Crime Practice Leader, Oliver Wyman
- Tauseef Rahman, Partner, Career, Mercer
- Jayan Dhru, Managing Director, Global Analytics and Advisory, Guy Carpenter
For the latest insights on navigating trade policies, please visit Marsh McLennan geopolitical resource center.
The file attachment contains the agenda for the 2025 ILMA Engage Global Affairs & Trade Committee Meeting, Thursday, April 3, 3:20-4:20pm in Crystal H-I. Your participation is vital to the success of ILMA, and we appreciate your time and input. Feel free to leave a comment on this post, or reach out to us at communications@ilma.org. We look forward to seeing you!