<div id="readability-page-1"><div><p>Payment solutions company Klarna could potentially emerge as a winner from U.S. President Donald Trump's new proposal to cap interest rates in the United States, according to CEO Sebastian Siemiatkowski.</p><p>  Donald Trump made headlines recently with a proposal to limit credit interest rates in the country to a maximum of 10 percent. This would represent a significant shift in the market, as the average credit card interest rate in the U.S. currently hovers around 20 percent, Di reports. </p><p>“We welcome the proposal and believe it would be beneficial for both the market and consumers. The American credit market is driven by consumers building up enormous credit card balances and paying high interest rates, which in turn finances so-called 'rewards' that most often go to high-income earners. It's a broken system that costs society considerably more than it does in Europe,” Sebastian Siemiatkowski told Di.</p></div></div>

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<p>Klarna's CEO, Sebastian Siemiatkowski, expressed support for President Trump's proposal to cap interest rates at 10% in the U.S. This change could benefit both the market and consumers, as current average credit card rates are around 20%. Siemiatkowski criticized the existing system, which he believes disproportionately benefits high-income earners while burdening consumers with high credit card balances and interest costs.</p>

Klarna Welcomes Trump's Proposal for Interest Rate Cap - Di