Amazon.com, Inc. ( AMZN ) shares traded higher on Monday amid overall market strength on reports that upcoming tariffs may be fewer than expected.

What To Know: According to The Wall Street Journal, President Donald Trump and his administration are exploring excluding certain sectors from upcoming April 2 tariffs.

Trump is set to impose reciprocal tariffs on multiple countries on April 2, a date he's referred to as “Liberation Day.” Specifically, the White House is considering withholding tariffs on certain sectors, including automobiles, pharmaceuticals and semiconductors. However, the specific sectors to be excluded have not yet been revealed.

Treasury Secretary Scott Bessent mentioned the administration aims to impose tariffs on about 15% of countries with continual trade imbalances with the U.S., a group sometimes known as the “dirty 15.” While the specific nations haven't been revealed, Bessent noted the countries represent a huge portion of the U.S.'s foreign trade.

Amazon ( AMZN ) shares may be trading higher following news of potentially fewer tariffs, as more targeted measures could mean less disruption to Amazon’s supply chain. Additionally, the potential exclusion of sectors such as semiconductors could reduce costs for Amazon's ( AMZN ) electronics and consumer goods, potentially boosting the company's profits.

AMZN Price Action: Amazon ( AMZN ) stock closed 3.59% higher at $203.26, per data from Benzinga Pro.

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