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.
U.S. Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet China's economic tsar He Lifeng in Switzerland this weekend for talks that could be the first step toward resolving a trade war disrupting the global economy.
Turkey's Halkbank asked the U.S. Supreme Court to review a lower court ruling saying it can be prosecuted for allegedly helping Iran evade American sanctions, a U.S.-based lawyer for the bank said on Monday.
U.S. President Trump says the American movie industry is under threat and is imposing steep tariffs on all foreign-produced films in response.
Mexican President Claudia Sheinbaum says Mexico won’t allow U.S. troops on its soil after Trump proposed deeper military involvement against drug cartels.
A collision between a pickup truck and a tour van near Yellowstone has left seven people dead and several others hospitalized, as authorities investigate the cause.
Sixteen nations took the stage on Thursday, but only ten earned passage to the Grand Final on May 17 alongside the Big Five and host Switzerland. Those advancing are Lithuania, Israel, Armenia, Denmark, Austria, Luxembourg, Finland, Latvia, Malta and Greece
Intruders forced Haiti’s Peligre Dam offline, slicing its 54 MW output and plunging central regions into blackout. EDH condemns the breach and urges rapid security measures as communities, already hit by gang blockades, contend with total power loss.
The United States is preparing to ease sanctions on Syria in the coming weeks, following President Donald Trump's unexpected announcement to lift all restrictions targeting Damascus. This marks a significant shift in U.S. policy towards Syri
President Donald Trump on Thursday announced deals totaling over $200 billion between the United States and the United Arab Emirates, including a $14.5 billion commitment between Boeing BA.N, GE Aerospace GE.N and Etihad Airways, the White House said.
Ukraine and Russia have initiated their first direct peace talks in over three years in Istanbul. The absence of Presidents Zelenskyy and Putin casts uncertainty over the potential for significant progress.
Israeli Prime Minister Benjamin Netanyahu said the war in Gaza will not stop until Hamas is destroyed, following the release of US-Israeli soldier Edan Alexander.
Ukrainian President Volodymyr Zelenskyy met Turkish President Recep Tayyip Erdogan in Ankara on May 15, with discussions reportedly focusing on upcoming peace talks between Ukrainian and Russian delegates in Istanbul.
Qatar signed a landmark agreement with U.S. aerospace giant Boeing on Wednesday to acquire 160 aircraft for Qatar Airways, a deal valued at $200 billion. The signing took place in Doha during the visit of U.S. President Donald Trump.
EU approves 17th Russia sanctions, blacklisting almost 200 shadow‑fleet ships, 30 evasion firms and 75 defence figures, banning missile chemicals and arming Brussels to strike Kremlin hybrid and operations.
On May 19, London and Brussels are set to kick off their first annual summit, prioritizing a new UK–EU defense and security pact even as negotiations continue with Washington over tariff relief on British steel, cars and aerospace components.
Archer Aviation’s four‑seat “Midnight” electric air taxi will shuttle fans, VIPs and support teams between major LA28 venues—SoFi Stadium, the Coliseum, LAX and more—in 10–20 minute hops, marking the first use of eVTOLs at any Olympic Games.
In a high‑stakes May 18 runoff, nationalist George Simion and centrist Nicușor Dan clash in a tight race that could steer Romania’s political and European trajectory for years to come.
Sixteen nations took the stage on Thursday, but only ten earned passage to the Grand Final on May 17 alongside the Big Five and host Switzerland. Those advancing are Lithuania, Israel, Armenia, Denmark, Austria, Luxembourg, Finland, Latvia, Malta and Greece
Intruders forced Haiti’s Peligre Dam offline, slicing its 54 MW output and plunging central regions into blackout. EDH condemns the breach and urges rapid security measures as communities, already hit by gang blockades, contend with total power loss.
Sixteen nations took the stage on Thursday, but only ten earned passage to the Grand Final on May 17 alongside the Big Five and host Switzerland. Those advancing are Lithuania, Israel, Armenia, Denmark, Austria, Luxembourg, Finland, Latvia, Malta and Greece
Intruders forced Haiti’s Peligre Dam offline, slicing its 54 MW output and plunging central regions into blackout. EDH condemns the breach and urges rapid security measures as communities, already hit by gang blockades, contend with total power loss.
The United States is preparing to ease sanctions on Syria in the coming weeks, following President Donald Trump's unexpected announcement to lift all restrictions targeting Damascus. This marks a significant shift in U.S. policy towards Syri
President Donald Trump on Thursday announced deals totaling over $200 billion between the United States and the United Arab Emirates, including a $14.5 billion commitment between Boeing BA.N, GE Aerospace GE.N and Etihad Airways, the White House said.
Ukraine and Russia have initiated their first direct peace talks in over three years in Istanbul. The absence of Presidents Zelenskyy and Putin casts uncertainty over the potential for significant progress.
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