JPMorgan’s Dimon calls credit card interest rate caps a ‘economic disaster’
JPMorgan CEO Dimon said that Trump’s push to cap rates at 10 percent would result in consumers losing access to credit.
![Dimon said Trump’s proposed credit card interest rate caps would remove credit from 80 percent of Americans [Denis Balibouse/Reuters]](/wp-content/uploads/2026/01/2026-01-21T131612Z_76809118_RC2O5JAJIBJG_RTRMADP_3_DAVOS-MEETING-JPMORGAN-1769022298.jpg?resize=770%2C513&quality=80)
JPMorgan CEO Dimon said that Trump’s push to cap rates at 10 percent would result in consumers losing access to credit.
![Dimon said Trump’s proposed credit card interest rate caps would remove credit from 80 percent of Americans [Denis Balibouse/Reuters]](/wp-content/uploads/2026/01/2026-01-21T131612Z_76809118_RC2O5JAJIBJG_RTRMADP_3_DAVOS-MEETING-JPMORGAN-1769022298.jpg?resize=770%2C513&quality=80)
![The bill comes after Trump allowed shipments of Nvidia made chips to China [File: Dado Ruvic/Reuters]](/wp-content/uploads/2026/01/2026-01-21T130423Z_1703667428_RC2KEGA8U2ZJ_RTRMADP_3_USA-CHINA-CHIPS-1769023675.jpg?resize=770%2C513&quality=80)







In address to media on Tuesday, US president made many false claims, including that there was ‘no inflation’ in the US.
The switch in its offer comes as Paramount Skydance has campaigned that its bid is superior to Netflix’s.

Macron said Europe will not be “intimidated” by US President Donald Trump’s threat of tariffs over Greenland.

EU chief Ursula von der Leyen questioned Donald Trump’s trustworthiness after his proposed tariffs over Greenland.
Syrian government’s control of energy reserves from SDF has raised hopes of return to pre-war production levels.
Every year, the World Economic Forum meeting takes place at the Swiss Alpine resort of Davos.
Powell appears to be casting off last year’s more subdued response to Trump’s repeated attacks on the Fed, AP reported.
While economic growth is strong, the gap between the haves and have-nots is widening.

Keir Starmer said Donald Trump’s threats to impose tariffs on allies over Greenland are ‘completely wrong’.
The world’s second-largest economy slowed to 4.5 percent growth in the final quarter, data shows.