Fintech Firm Payoneer Says China Truce Is Great for Global Trade

Payoneer, the global payments firm that lifted its earnings guidance due to the US-China tariffs spat, said the 90-day truce between the world’s top economies will be great for trade.

The US accounts for more than 40% of the global market for consumer goods, so keeping access to that market is key for companies selling the “high quality, low cost” products Americans like to buy, Payoneer Chief Executive Officer John Caplan said on Tuesday.

“It’s great for small businesses in the United States, who buy things from people in China,” he said in an interview at Bloomberg’s office in ...