Will Trump Destroy The Credit Card Market?

This is a mistake President @realDonaldTrump.

Without being able to charge rates adequate enough to cover losses and to earn an adequate return on equity, credit card lenders will cancel cards for millions of consumers who will have to turn to loan sharks for credit at rates… https://t.co/d0yvkGzSZ4

— Bill Ackman (@BillAckman) January 10, 2026