Bangladesh signs U.S. wheat-import deal in bid to curb tariff pressure
Bangladesh has signed a deal to import 700,000 tonnes of wheat annually from the United States over the next five years, aiming to ease trade tensions...
U.S. President Donald Trump on Tuesday floated the idea of replacing a visa program for foreign investors with a so-called "gold card" that could be bought for $5 million as a route to American citizenship.
Trump told reporters he will replace the "EB-5" immigrant investor visa program, which allows foreign investors of large sums of money that create or preserve U.S. jobs to become permanent residents, with a so-called "gold card."
The EB-5 program grants "green cards" to foreigners promising to invest in U.S. businesses.
"We are going to be selling a gold card," Trump said. "We are going to be putting a price on that card of about $5 million," he added.
"It's going to give you green card privileges plus its going to be a route to (American) citizenship, and wealthy people would be coming into our country by buying this card," Trump said, adding that details about the scheme will come out in two weeks.
Trump added it is possible Russian oligarchs could qualify for the gold cards, when asked by a journalist if those people would be eligible. "Yeah, possibly. Hey. I know some Russian oligarchs that are very nice people," he said.
The EB-5 Immigrant Investor Program, administered by the U.S. Citizenship and Immigration Services, was created by Congress in 1990 to "stimulate the U.S. economy through job creation and capital investment by foreign investors," according to the USCIS website.
"The EB-5 program ... it was full of nonsense, make believe and fraud, and it was a way to get a green card that was low price. So the president said, rather than having this sort of ridiculous EB-5 program, we're going to end the EB-5 program. We're going to replace it with the Trump gold card," Commerce Secretary Howard Lutnick told reporters on Tuesday.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Germany's export slump since 2021 is largely driven by deep-rooted competitiveness issues, the Bundesbank warned in its latest report, calling for urgent structural reforms.
Israeli researchers have unveiled an artificial intelligence tool that can determine a person’s true biological age from tiny DNA samples with remarkable precision.
Two Harry Potter actresses, Emma Watson and Zoe Wanamaker, have each received a six-month driving ban after separate speeding offences, both sentenced on the same day at a Buckinghamshire court.
The Shanghai Cooperation Organization’s foreign ministers met in Tianjin on 15 July, laying the groundwork for the upcoming SCO summit set for the end of August.
Bangladesh has signed a deal to import 700,000 tonnes of wheat annually from the United States over the next five years, aiming to ease trade tensions and secure tariff relief from the Trump administration, officials confirmed on Sunday.
Iran and the E3, Britain, France, and Germany, may hold nuclear talks next week, Tasnim reported, amid European warnings that failure to resume negotiations could trigger renewed international sanctions.
Iran has replaced air defence systems damaged during last month’s conflict with Israel, according to a report by Iran’s Defah Press news agency on Sunday, citing Mahmoud Mousavi, Deputy for Operations of the regular army.
A tsunami warning was issued on Sunday after a sequence of strong earthquakes, including a powerful 7.4-magnitude tremor, struck off the Pacific coast of Russia, the United States Geological Survey (USGS) confirmed.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 20th July, covering the latest developments you need to know.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment