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 (SHOP 2.74%) traded up 4% as of 1 p.m. ET on hopes that trade policies are shifting back toward its favor. Scaling back the tollShopify provides a platform for e-commerce businesses of all sizes, but small businesses drive a lot of its volumes. Historically, goods valued at $800 or le ...