economy
February 20, 2026
Amazon, Etsy, other e-commerce stocks pop after Supreme Court rules against Trump's tariffs
President Donald Trump's tariffs have forced some e-commerce companies to raise prices and alter their supply chains.
TL;DR
- E-commerce stocks rose significantly after the Supreme Court ruled against President Trump's tariffs.
- The Supreme Court stated Trump lacked the legal authority to impose tariffs under the International Economic Powers Act (IEEPA).
- This ruling impacts companies like Amazon, Etsy, Shopify, eBay, and Pinduoduo Holdings (Temu).
- Trump's tariffs had previously disrupted e-commerce by increasing costs, forcing price hikes, layoffs, and supply chain changes.
- The removal of the "de minimis" exemption, used to allow duty-free low-value packages, particularly hurt small businesses and retailers like Temu and Shein.
- The National Retail Federation welcomed the ruling for providing business certainty.
- Companies may now seek to recover billions in previously paid tariff costs, with some already having filed lawsuits.
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