Amazon, Etsy, Shopify Stocks Rise After Court Voids Trump Tariffs
- Amazon shares increased by more than 2%, while Etsy surged nearly 10% and Shopify rose over 2% following a court decision.
- The U.S. Supreme Court ruled 6-3 that the International Emergency Economic Powers Act (IEEPA) does not authorize tariffs, citing the major questions doctrine.
- This ruling voided a 10% levy imposed in April 2025 on imports from most trading partners, with approximately $142 billion collected under this framework potentially subject to refund claims.
- The decision also impacts the removal of the de minimis exemption, which allowed low-value goods to enter duty-free and was used by sellers on platforms like Etsy and Temu.
- Donald Trump announced plans to use the Trade Act of 1974 to impose a new global tariff after the court’s decision.
The court’s decision led to significant stock gains for companies like Amazon and Etsy as it removed uncertainty around tariffs. Former President Donald Trump plans to pursue alternative legal measures for imposing tariffs using the Trade Act of 1974.
Source (3.2)https://cryptobriefing.com/supreme-court-tariff-ruling-impact/?rand=59535
