US President Donald Trump showed off a US$5 million 'gold card' featuring a picture of his face inside Air Force One on Thursday, April 3, 2025. So, what is Donald Trump's gold card?
Trump's 'gold card' offers residency in the US to individuals who invest U$5 million in the country. The announcement came as some US stock futures plummeted after Trump announced plans to impose a minimum 10 percent base tariff on all imports.
Trump's proposed 'Gold Card' program would grant residency in the US to individuals who invest U$5 million in American businesses, replacing the pre-existing EB-5 visa. Announced as part of a broader overhaul of the immigration system, the initiative signals the president's focus on investment-driven immigration.
Supporters argue the program can bring significant capital to the US, while critics argue the priority should be attracting skills. The 'Gold Card' that will replace the current EB-5 immigrant investor visa with the new program is said to grant US citizenship to foreign investors in American businesses.
However, experts say Trump's proposed 'gold card' program faces major legal and legislative hurdles, making its implementation highly unlikely.
Source: cnnindonesia.com/economy
Photo: AFP
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