Shopify backs de minimis shipping exemption targeted in Trump's tariff feud
- Shopify Inc.'s President Harley Finkelstein supports the de minimis shipping exemption, which allows packages under $800 to enter the U.S. Without duties, amid trade tensions with U.S. President Donald Trump.
- Trump's threatened tariffs could eliminate the de minimis exemption for Canadian goods, impacting Shopify merchants.
- Shopify reported a fourth-quarter net income of US$1.29 billion, up from US$657 million a year ago, with revenue rising over 30%.
- Finkelstein confirmed that Shopify removed a store from Ye, stating the merchant violated their terms, while he avoided discussing the incident in detail.
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