
OWIT International and its DC Chapter, the Association of Women in International Trade (WITT) hosted an informative webinar on May 7, examining the shift in global trade policy driven by the U.S. “America First” agenda, including its implications for tariffs, trade responses from key partners, and longer-term outlooks. The panel brought together these leading experts on trade:
- Nicole Bivens Collinson, Former WIIT DC President and WIIT Foundation Chair, Washington DC; Managing Principal, Operating Committee Member, Int’l Trade and Gov’t Relations Practice Lead at Sandler, Travis, & Rosenberg
- Noreen Burroughes Cesareo, OWIT International President and OWIT UK President; Principal, Market Accents
- Audrey Ross, OWIT Toronto Past President; Senior Manager, Customs and Compliance at Innovative Beauty Group
- Moderated by Ken Jaques, OWIT VP Communications; President, Global Communications Strategies, Arlington, VA
A Changing Global Trading System
International trade is entering a new phase defined by rising uncertainty and pressure to rethink supply chain strategies, as countries investigate alternative solutions. The current U.S. tariff actions are a response to long-standing asymmetries in how WTO commitments were applied in practice, and reflect a long-developing policy trajectory from both political parties rather than a sudden disruption. However, the scale and form of these measures have shaken up world economies and are having a significant impact on the relationships between countries.
Global trade has undergone a fundamental, long-term change that is unlikely to reverse any time soon. As new regional partnerships emerge, countries will pursue different opportunities for collaboration and economic growth. Duty-free access to the United States is effectively over save for some USMCA exemptions. While tariffs remain a concern when seeking out trade partners, non-tariff barriers such as licensing requirements and sanitary measures are also becoming increasingly important challenges to address.
Adapting to Higher Costs and Uncertainty
In the UK, tariffs have created a broad but uneven disruption in the market, as consumers and businesses realize the impact on prices, operations and supply chains. While some sectors felt more immediate effects than others, the bigger issue has been rising uncertainty and volatility, making long-term planning difficult.
In Canada, businesses and investors tend to be more cautious and risk-averse compared to the United States, so sudden shifts in trade policy feel especially disruptive. While geopolitical changes occur quickly, policy and business cycles can be slower to adjust.
Multinational companies are more accustomed at dealing with disruptions than SMEs, who cannot as easily absorb or pass on costs, and lack direct channels to policymakers. Small businesses have also been affected by the removal of the de minimis provision, a rule that allowed shipments under $800 USD to enter the US duty-free, which increased compliance burdens and disrupted e-commerce. However, even large US manufacturers that rely on metal and machinery inputs are facing rising costs as Section 232 tariffs make these imports more expensive.
New Trade Blocs Emerging
Businesses of all sizes are rethinking supply chains by gradually shifting toward nearshoring and adjacent partners in response to rising costs and ongoing disruption. Regional trade blocs and corridors are opening up, including through the AfCFTA in Africa, which aim to build more sustainable and innovative supply chains.
Companies are moving away from the traditional “holy grail” markets of the U.S. and China and towards regionally-centered “hub-and-spoke” models. By organizing production and supply chains around regional markets, businesses can improve resilience against disruption.
Canada has long benefited from well-established access to the U.S., which has created a degree of complacency despite decades of government efforts to diversify exports through extensive FTAs. The recent disruption has intensified pressure to rethink market concentration, strengthen new partnerships, and develop supporting policies.
Industry Competitiveness
Industries with larger profit margins and stronger brand positioning will adapt more easily to rising tariffs and trade disruption, while lower-margin sectors such as food, apparel, and footwear face greater pressure from higher costs and labor intensity. Many U.S. companies lost competitiveness over time by relying on protected domestic demand and relocating production capacity abroad, and are likely to raise prices rather than reinvest in domestic productivity.
The UK is reassessing its reliance on the service sector and imported goods as rising costs and supply chain pressures renew interest in domestic manufacturing capacity. This encourages a rethink of trading partners, areas of comparative advantage, and how to provide value.
Questions remain about how much influence governments should have in correcting markets versus allowing private businesses to lead, especially as automation and AI accelerate change, and as consumers expect choice in the products they access. There is also growing pressure to balance productivity gains with job opportunities, fair wages, and an even distribution of economic outcomes.
OWIT’s Important Role
OWIT plays a practical role by sharing and interpreting knowledge and by serving as a voice at the table, bringing visibility to the realities that women-owned businesses face so they can be better represented in policy discussions and new trade agreements. OWIT can also make use of its global chapter network to share expertise effectively and help members connect with each other.
OWIT-Toronto maintains a robust event calendar that includes trade events from the government, partners, and other chapters that may be of interest to members. In addition, highlighting success stories showcases how women entrepreneurs are entering new markets, along with the lessons they’ve learned along the way.
OWIT International will continue to advocate for digitization and simpler, more predictable documentation requirements that can go a long way towards helping SMEs navigate an increasingly complex global market. Standardized regulations, eliminating non-tariff barriers, and stability in tariff frameworks also remain important, allowing businesses to plan with greater certainty and cost predictability.
The three panelists remain optimistic about the longer-term global trading outlook. Markets will eventually adjust to the current disruptions, as new trade patterns and relationships take shape across regions and sectors. While these changes introduce clear challenges, they also create opportunities for innovation and more resilient growth.