Donald Trump calls for credit card interest rates to be capped at 10%
President demands one-year limit should come into force on January 20 but gave no details
President demands one-year limit should come into force on January 20 but gave no details

White House’s demand for limit on what issuers can charge rattles investors

There are better alternatives to the Trump-Warren plan to cap interest costs for one year

Lenders say a cap on interest rates is unfair as they need a generous margin in order to offer unsecured credit

Banks such as Citigroup and Wells Fargo say capping rates would limit credit and hurt economic growth

President’s moves could erode central bank’s credibility and push up long-term inflation and rates, economists say

US president backed off his threat of new duties on European economies after market tumult