Barclays Shares Drop 4% Following Trump’s 10% Credit Card Rate Cap Proposal

Barclays Shares fell sharply by around 4% on January 12, 2026, as global markets reacted to a surprise policy proposal from U.S. President Donald Trump calling for a 10% cap on credit card interest rates. The announcement sent shockwaves through banking stocks worldwide and raised concerns among investors about potential impacts on banks’ revenue and profitability, especially those with significant consumer credit card operations.