Trump announced the sale of gold cards to would-be immigrant investors It costs $5 million

On February 26, 2025, US President Donald Trump announced a new immigration policy in the Oval Office of the White House, which has drawn widespread attention worldwide. The Trump administration plans to introduce a new type of immigrant visa called the "Gold Card", priced at a staggering 5 million US dollars, aiming to attract foreigners willing to make significant investments in the United States and provide them with a new path to residency and eventual citizenship.

Accompanied by Commerce Secretary Howard Lutnick, Trump signed an executive order officially announcing the policy. Trump stated that this move would not only bring much-needed funds to the United States but also boost economic development, create job opportunities, and enhance the country's global competitiveness. He emphasized that the Gold Card would replace the existing EB-5 investment immigrant visa program, which requires investors to invest at least 1 million US dollars (or 500,000 US dollars in high-unemployment areas) and create at least 10 jobs to obtain a temporary green card and apply for a permanent green card after meeting certain conditions.

While signing the executive order, Trump said, "We are going to introduce a Gold Card. We plan to price it at around 5 million US dollars. Holding this card will not only grant you the privileges of a green card but also serve as a pathway to citizenship. The rich will come to our country by purchasing this card. They will become wealthy, they will succeed, they will spend a lot here, pay huge taxes, and create numerous jobs. We believe this will be very successful."

Trump further pointed out that the Gold Card program will be implemented in about two weeks and he doesn't think it requires congressional approval. This statement has sparked widespread discussion, as the EB-5 investment immigration visa program was just reauthorized by Congress in 2022, and the Trump administration plans to terminate the program without congressional approval, which may lead to legal disputes.

Commerce Secretary Howard Lutnick said at the press conference that the Gold Card program will raise funds to repay US debt and emphasized that applicants must undergo strict reviews to ensure they are outstanding global citizens of the world. Lutnick also said that the Gold Card program will replace the existing EB-5 investment immigration visa program and become a new investment immigration channel. He pointed out that the Gold Card program will attract foreigners willing to make high investments in the United States, bring much-needed funds to the country, and promote economic development.

The Trump administration's Gold Card policy has sparked widespread discussion and controversy. Supporters believe that this policy will attract more foreign investors to the United States, bring a large amount of funds to the country, promote economic development, create job opportunities, and enhance the United States' global competitiveness. In addition, the Gold Card policy will provide a new path to residency and eventual citizenship for those willing to make high investments in the United States, allowing them to better integrate into American society.

However, opponents are concerned that the Golden Visa policy may trigger a series of problems. Firstly, the high price of 5 million US dollars may deter many potential investment immigrants, leading to insufficient appeal of the Golden Visa program. Secondly, the Golden Visa policy may give rise to corruption and abuse, as some people may obtain the Golden Visa through improper means, thereby bypassing the normal immigration procedures. Additionally, the Golden Visa policy may also spark controversies over social inequality and racial discrimination, as some people may believe that this policy only targets wealthy foreigners while neglecting the interests of other groups.

Despite the controversies and concerns, the Trump administration still insists on introducing the Golden Visa policy. Trump stated that this policy will promote economic development, create job opportunities, and enhance the global competitiveness of the United States. He also emphasized that the Golden Visa program will undergo strict reviews to ensure the qualifications and integrity of the applicants.

Overall, the Golden Visa policy introduced by the Trump administration is a new immigration policy that has attracted much attention and controversy. This policy aims to attract foreigners willing to make high investments in the United States and provide them with a new path to residency and eventual citizenship. However, the Golden Visa policy also faces numerous challenges and controversies, which require the joint efforts of the government and all sectors of society to address and resolve. Whether the Golden Visa policy will be successful in the future remains to be seen through time and practice.