The Globe and Mail reports in its Friday edition that Shopify is facing growth headwinds owing to U.S. tariffs, global trade tensions and concerns about falling consumer demand, say analysts who have sharply reduced their targets for the e-commerce platform's stock. The Globe's Irene Galea writes that since U.S. President Donald Trump announced global tariffs on April 2, at least a dozen equity analysts have downgraded their price targets, citing the risk of slowing volumes of shipments by Shopify merchants, in part over the coming elimination of the de minimis exemption of U.S. duties payable on shipments of goods from China valued at under $800 (all figures U.S.). Shopify's share price, now $83.65 on Nasdaq, has fallen 14 per cent since April 2. Since that day the trade war has escalated, with the U.S. now charging 145-per-cent tariffs on items imported from China. RBC analyst Paul Treiber Wednesday reduced his target for the company, to $125 from $145. In response to the tariffs, Shopify has rolled out local shopping features, tools to display and collect duties during checkout and international importing guides. Shopify said de minimis exemptions keep costs low and improve small business competitiveness worldwide.