Shopify president reveals how Trump's tariffs and AI are shaping business

Core Viewpoint - The Supreme Court is set to hear arguments regarding the legality of President Trump's tariffs, which could significantly impact millions of businesses across the nation [1][2]. Company Insights - Shopify has reported a strong performance with nearly $90 billion in Gross Merchandise Volume (GMV), reflecting a 32% increase for the quarter [5]. - The company is focused on ensuring that its merchants are well-prepared for potential changes resulting from the Supreme Court's decision regarding tariffs [6][10]. - Shopify's AI tool, Sidekick, has been adopted by approximately 750,000 stores, facilitating better decision-making for merchants [12][14]. Industry Trends - Consumer confidence remains resilient, with shoppers continuing to make purchases, although they are becoming more selective about the brands they support [4][27]. - The upcoming holiday shopping season is expected to be significant, with merchants already preparing promotions and deals [10][11]. - The e-commerce market is evolving, with Shopify capturing about 12% of the U.S. e-commerce market, indicating its substantial role in the industry [9].