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.
Egg prices in the United States are predicted to increase by 41.1% in 2025, according to a report released by the Department of Agriculture (USDA) on Tuesday. U.S. Secretary of Agriculture Brooke Rollins met with poultry farmers and industry leaders focused on avian flu response efforts.
By embarking on a path of militarization, Europe has lost its right to claim any involvement in talks related to Ukraine and is heading toward isolation, the Russian Foreign Ministry stated following the adoption of UN General Assembly and Security Council resolutions on Ukraine
The agreement could be signed by Kyiv and Washington as early as Friday, according to one report.
Turkey has begun exporting around 15,000 tonnes of eggs to the United States as a devastating outbreak of bird flu is slashing U.S. production and sending prices soaring, a leading sector official said on Wednesday.
Israel's Chief of the General Staff, Lieutenant General Herzi Halevi, is set to travel on an official visit to the United States from February 17 to 20, 2025.
The White House denied access to an Associated Press photographer and three reporters from Reuters, HuffPost and Der Tagesspiegel.
"Türkiye has great potential in this direction", says Hakan Fidan, adding that Ankara is "strong, important" in the region.
Chinese AI startup DeepSeek announced on Wednesday a significant reduction in the cost of its API usage during off-peak hours. Between 1630 GMT and 0030 GMT, developers integrating DeepSeek’s AI models via its API can expect savings of up to 75%.
In a move with potentially far-reaching implications for the tech industry in Europe, Italian tax authorities have extended their investigation to Elon Musk’s social network X, seeking €12.5 million in value-added tax (VAT) for the period 2016 to 2022, Reuters has reported.
A recent discovery has revealed that ancient artifacts from the Treasure of Villena were crafted using metal from meteorites, offering new insights into early metalworking techniques in the Iberian Peninsula.
Polish startup Clone Robotics has unveiled Protoclone, the world’s first anatomically accurate humanoid robot, featuring artificial muscles, bones, and joints that enable lifelike movements.
Berlin, February 21, 2025 – German citizens will head to the polls on Sunday, February 23, for a snap general election after the coalition government collapsed late last year.
The city of Buriticupu, in Brazil’s northeastern Amazon, is facing a worsening crisis as massive sinkholes continue to expand, forcing authorities to declare a state of emergency. More than 1,200 residents are at risk of losing their homes.
The White House denied access to an Associated Press photographer and three reporters from Reuters, HuffPost and Der Tagesspiegel.
At least two people were injured when several shots were fired near the state courthouse in Bielefeld in western Germany on Wednesday afternoon, police reported.
In a significant clarification of roles within the Trump administration’s cost-cutting initiative, the White House has confirmed that Amy Gleason is the official acting administrator of DOGE - the Department of Government Efficiency.
President Donald Trump has launched a fresh investigation into U.S. copper imports, signaling a potential new round of tariffs aimed at bolstering domestic production of a metal critical to electric vehicles, military hardware, the power grid, and numerous consumer goods.
North Korean leader Kim Jong Un has called for the development of a stronger, more modern military during a visit to the Kang Kon Military Academy, according to state media KCNA. The announcement comes amid reports that Pyongyang is preparing for potential further involvement in Russia’s war against
The White House denied access to an Associated Press photographer and three reporters from Reuters, HuffPost and Der Tagesspiegel.
"Türkiye has great potential in this direction", says Hakan Fidan, adding that Ankara is "strong, important" in the region.
Chinese AI startup DeepSeek announced on Wednesday a significant reduction in the cost of its API usage during off-peak hours. Between 1630 GMT and 0030 GMT, developers integrating DeepSeek’s AI models via its API can expect savings of up to 75%.
In a move with potentially far-reaching implications for the tech industry in Europe, Italian tax authorities have extended their investigation to Elon Musk’s social network X, seeking €12.5 million in value-added tax (VAT) for the period 2016 to 2022, Reuters has reported.
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