1238 ET - Shopify's stock is higher on the back of easing U.S.-China trade tensions, an overhang for investors of the ecommerce platform. Shares are trading 13% higher in Toronto at C$145.00. In its recent earnings, Shopify downplayed the negative effects that tariffs had on business, but investors worried about how tariffs could affect merchants and the broader economy, which are both important to Shopify merchants, especially those trading in the U.S. Now, U.S.tariff on Chinese goods are set to come down to 30% from 145%, while China will cut levies on U.S. imports to 10% from 125%, which will make it easier for merchants on the platform to sell without extraordinary price hikes and tax calculations. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
May 12, 2025 12:38 ET (16:38 GMT)
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