“While working Americans catch up, we’re going to put a temporary cap on credit card interest rates,” Trump spoke to a packed audience during a campaign rally in New York on Sept. 18. “We’re going to cap it at around 10%. We can’t let them make 25 and 30%.”

Former President Donald Trump floated limiting annual credit card interest rates to a maximum of 10% during a campaign stop on Long Island Wednesday night, prompting banking groups to push back against the plan as the Republican version of Democrat Kamala Harris’ widely panned “price controls.”

Donald Trump made headlines Wednesday night, promising a crowd in New York he would, if restored to the White House, put a “temporary cap on credit card interest rates … at around 10%,” if he were elected.

Donald Trump’s policies aren’t actual policies. There’s no point in taking these ideas seriously, because he doesn’t take them seriously.

The analyst community isn’t taking the former president’s proposal too seriously, and is instead looking at Trump’s bank-friendly first term as a guide for how investors should play a possible second Trump term.

Former President Donald Trump promised the country he would place a temporary cap on credit card interest rates if he returns to the White House. Speaking to New York supporters at a Long Island rally,

Donald Trump’s policies aren’t actual policies. There’s no point in taking these ideas seriously, because he doesn’t take them seriously.

After Republican presidential nominee Donald Trump said he intends to place a temporary cap on credit card interest rates, many felt the plan would create a large constriction of credit.