Is Shopify's stock a buy even in the middle of a trade war?

Open this photo in gallery: tariffs imposed by U.S. president Donald Trump are expected to have an adverse impact on Shopify since more than half of its merchants are located in the U.S. and many of them import Chinese goods.Justin Tang/The Associated Press Larry MacDonald is an economist, freelance journalist and author. His latest book, The Shopify Story, was published in the fall of 2024. Investors may be dreading Shopify Inc.'s first-quarter report to be released May 8 because of the pain inflicted by U.S. President Donald Trump's tariffs. Then again, Shopify SHOP-T has a great track record when reporting…