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  1. Donald Trump unveils $5 million 'Gold Card' visa with his mugshot on it, answers 'who's first buyer?'

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Donald Trump unveils $5 million 'Gold Card' visa with his mugshot on it, answers 'who's first buyer?'

Upstox

2 min read | Updated on April 04, 2025, 14:20 IST

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SUMMARY

The Gold Card visa, featuring Trump's mugshot, will replace the EB-5 program and eliminate job creation requirements.

trump-gold-card.webp

US President Donald Trump holds up the $5 million gold card as he speaks to reporters while in flight on board Air Force One, en route to Miami, Thursday, April 3, 2025.

US President Donald Trump on Thursday showed off his new “Gold Card” visa to reporters aboard Air Force One, pitching the $5 million residency program as a flashy solution to fill American coffers, even as global markets reeled from his announcement of sweeping worldwide tariffs.

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The card, emblazoned with Trump’s mugshot, offers wealthy immigrants a pathway to US residency, and potentially citizenship, for a steep price.

“For $5 million, this could be yours,” Trump said, holding up the card. “You know what that card is? It’s the Gold Card, the Trump Card.”

Asked about the first buyer, Trump quipped, “Me.”

When pressed on the second, he shrugged, “I don’t know, but I’m the first buyer. It’ll be out in ... less than two weeks. Pretty exciting, right?”

He then asked reporters, “Anybody want to buy one?”

Trump administration plans to replace the decades-old EB-5 visa program, which grants visas to investors who spend roughly $1 million on businesses employing at least 10 people, with the Gold Card.

Trump’s Gold Card scraps the job creation requirement, instead targeting deep-pocketed individuals and companies willing to pay for long-term US status.

During his first Cabinet meeting of his second term, Trump suggested the program could generate trillions to tackle the national debt.

“If we sell a million, that’s $5 trillion dollars,” he said, adding, “I think we will sell a lot because I think there’s really a thirst.”

Commerce Secretary Howard Lutnick claimed last month that 1,000 Gold Cards sold in a single week, raising $5 billion in a day.

The glitzy pitch comes against a backdrop of economic upheaval.

On Wednesday, Trump announced a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the United States, triggering a worldwide sell-off.

The S&P 500 sank 4.8% for its worst day since the pandemic crashed the economy in 2020.

However, Trump again downplayed the impact as he left the White House to fly to Florida.

“The markets are going to boom, the stock is going to boom and the country is going to boom,” he said.

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About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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