🇺🇸 Donald Trump Announces Major Credit Card Interest Cap❗

Former U.S. President Donald Trump made a strong statement on credit card debt:

🗣️ “Credit card companies charge up to 28% interest. Then when people are just a little late on payments, they’re pushed into bankruptcy. We won’t allow that.”

📌 Key points:

▪️ 10% interest rate cap on credit cards

▪️ Valid for one year

▪️ Targets current rates as high as 28%

🎯 Objectives:

▪️ Protect consumers

▪️ Prevent debt spirals

▪️ Reduce financial pressure on households

💳 High interest → late payment → bankruptcy

▪️ Government intervention aims to break this cycle

🧠 Reactions:

▪️ Supporters call it a historic, consumer-friendly move

▪️ Critics warn of potential disruption to banks and the credit market

Global markets are now watching closely.