Why Shopify Stock Is Up Today
The so-called "de minimis" tariff, a tax on low-value imports, has been cut as part of the United States' ongoing talks with China.That's a relief to online small businesses and the companies that serve them. Shares of Shopify (NASDAQ: SHOP) traded up 4% as of 1 p.m. ET on hopes that trade policies are shifting back toward its favor.Image source: Getty Images.Continue reading
The so-called "de minimis" tariff, a tax on low-value imports, has been cut as part of the United States' ongoing talks with China.
That's a relief to online small businesses and the companies that serve them. Shares of Shopify (NASDAQ: SHOP) traded up 4% as of 1 p.m. ET on hopes that trade policies are shifting back toward its favor.
Image source: Getty Images.
