President Donald Trump has announced a new "Gold Card" visa program that would allow wealthy foreigners to secure U.S. residency in exchange for a $1-million investment.

"Today we are proud to announce THE TRUMP GOLD CARD," Trump said in a post on Truth Social. "The Card will be available for $1 Million Dollars for individuals, and $2 Million Dollars for Corporations."

Why It Matters

The Gold Card plan highlights the Trump administration's dual approach to the issue of visas: tightening traditional immigration channels while creating new, high-cost pathways.

Since taking office, the president has repeatedly sought to raise revenue in unorthodox ways—imposing billions in new tariffs, demanding a share of corporate revenues from firms like Nvidia, and even suggesting the U.S. deserves

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