Trump said today: "In this notice, we will no longer tolerate American citizens being arbitrarily exploited by credit card companies — these companies charge interest rates as high as 20% to 30%, or even higher, and this chaos has been rampant and uncontrolled under the sleepy Joe Biden administration. It is urgent to reduce the burden on people's livelihoods."
Starting from January 20, 2026, I, as President of the United States, issue an order to impose a one-year cap on credit card interest rates, strictly limiting them to within 10%. Coincidentally, January 20 is also the historic moment marking the first anniversary of the accomplished Trump administration.
Thank you all for your attention. Make America Great Again!
President of the United States, Donald J. Trump
Comment: It is a fact that the average credit card interest rate in the U.S. exceeds 22%, and the public is burdened with $1.17 trillion in credit card debt. However, blaming the long-standing problems entirely on the Biden administration is pure deliberate smear — the spread between credit card interest rates and benchmark rates had already been widening long before the Federal Reserve raised interest rates. Issuing institutions have been profiting from excessive interest rates for years, which is essentially a chronic problem of insufficient financial regulation, not a single government term issue.
This kind of "loud slogans but avoiding implementation details" approach is ultimately using people's livelihood issues as a bargaining chip: it neither mentions its past relaxation of financial regulation during its term, nor addresses potential market chain reactions caused by the interest rate cap. It only creates division by pretending to be anti-establishment and standing up for the people. Essentially, it is using false hope to win votes, revealing the utilitarian nature of a cunning politician.
Original: toutiao.com/article/1853892313598980/
Statement: This article represents the personal views of the author.