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Trump says US will sell $5 million ‘gold card’ to wealthy foreigners

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President Donald Trump said on Tuesday the US would sell a “gold card” to wealthy foreigners, giving them the right to live and work in the US and offering a path to citizenship in exchange for a $5 million fee.

“We’re going to be selling a gold card,” Trump said from the Oval Office. “You have a green card. This is a gold card. We’re going to be putting a price on that card of about $5 million and that’s going to give you green card privileges, plus it’s going to be a route to citizenship. And wealthy people will be coming into our country by buying this card.”

Trump said the sale of the cards will begin in about two weeks and suggested millions of such cards could be sold.

Asked whether he would consider selling the cards to Russian oligarchs, Trump responded: “Yeah, possibly. I know some Russian oligarchs that are very nice people.”

Commerce Secretary Howard Lutnick, standing alongside Trump, said the card will replace the government’s EB-5 immigrant investor visa program, which allows foreign investors to pump money into US projects that create jobs and then apply for visas to immigrate to the US.

“They’ll have to go through vetting, of course,” Lutnick said, “to make sure they’re wonderful world-class global citizens.”

Created by Congress in 1992, the EB-5 program can grant green cards to immigrants who make a minimum investment of least $1,050,000, or $800,000 in economically distressed zones called targeted employment areas, to create jobs for American workers, according to the United States Citizenship and Immigration Services website.

Businesses connected to Trump and his family have also made use of the program to fund major property developments.

The program drew bipartisan criticism from lawmakers in Congress during Trump’s first term, with many warning that it had deviated from its goals and was in need of reform.

The Trump administration in 2019 moved to raise the minimum investment amount for targeted economic areas to $900,000, and $1.8 million in other locations, but a federal judge struck down the change in 2021, finding that the acting Homeland Security secretary who authorized the rule had not been properly appointed.

The program was last renewed in 2022 during the Biden administration, with the minimum investment requirements being raised to their current levels.

(CNN)

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Over 80,000 evacuated amid serious flooding in SW China

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Continuous heavy rainfall and upstream inflows have triggered severe flooding in two counties of Guizhou Province in southwest China, prompting mass evacuations.

As of 2:30 p.m. Tuesday, 48,900 residents were temporarily evacuated in Rongjiang County and 32,000 in Congjiang County. The flood control emergency response has been escalated to Level I, the highest, in both counties.

Rongjiang, a county known for Cun Chao — a rural football league covering over 100 village teams and drawing numerous fans across the country, saw heavy rainstorms from 8 p.m. Monday, with a venue at the Duliu River exceeding the warning level by 6.68 meters as of 2 p.m. Tuesday.

The football field at the Cun Chao stadium was submerged under three meters of water.

Long Tian, a resident near the stadium, recalled that when he woke up at 8 a.m. Tuesday, the water downstairs was already thigh-deep.

“The water rose very quickly, so I stayed on the third floor waiting for rescue. By the afternoon, I had been transferred to safety,” Long said.

Rescue teams, including firefighters and volunteers, deployed boats and other equipment for the rescue work in the two counties.

As of 4 p.m. Tuesday, the provincial emergency department had allocated disaster relief items, including 30,000 bottles of drinking water and 10,000 bowls of instant noodles, to the two counties via high-speed rail and road transport.

Also in Guizhou, rain-triggered landslides caused the collapse of part of a bridge on an expressway in the county of Sandu. No casualties have been reported so far.

(Xinhua)

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Israel agrees to ceasefire proposal

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The Israeli government has said it agreed to the ceasefire proposal after “achieving the objectives” of its attacks on Iran.
According to the statement, Israel has removed Iran’s “dual immediate existential threat” from nuclear weapons and ballistic missiles.

It also says Israel has “inflicted severe damage on the military leadership, and destroyed dozens of central Iranian government targets”.

The statement goes on to say that Israeli forces, in the last day, have “severely struck government targets in the heart of Tehran, eliminating hundreds of Basij operatives” – a militia the Iranian government often uses to suppress protests – and “eliminating another senior nuclear scientist”.

“Israel thanks President Trump and the United States for their support in defence and their participation in eliminating the Iranian nuclear threat,” the statement adds.

Earlier, Iran state TV news channel IRINN says a ceasefire has been “imposed” on Israel following the “successful” Iranian attack on the US base in Qatar.

State TV said in a statement that Trump “begged” for a ceasefire following Iran’s attack. The statement was read aloud by the presenter.

The statement also hailed Iran’s Islamic Revolutionary Guard Corps (IRGC) and the Army and praised the “resistance” of Iranians.

The statement also called Iran’s attack on the US base in Qatar as the Islamic Revolutionary Guard Corps’ “successful” response to the US attacking three Iranian nuclear sites, while Qatar said all missiles were intercepted.

(Excerpts : BBC News)

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Trump says Iran – Israel have agreed to a ceasefire

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US President Donald Trump has announced a “complete and total” ceasefire between Israel and Iran on social media.

Trump says the ceasefire will begin “in approximately six hours from now” after each country has “wound down” their military operations.

Trump’s announcement contains a periodic unravelling of hostilities but says that “upon the 24th hour” the war will officially end.

Meanwhile, Iran’s foreign minister, Seyed Abbas Araghchi, has posted on X saying there is “no agreement of any ceasefire or cessation of military operations.”

“”As Iran has repeatedly made clear: Israel launched war on Iran, not the other way around…However, provided that the Israeli regime stops its illegal aggression against the Iranian people no later than 4 am Tehran time, we have no intention to continue our response afterwards,: he has added.

“The final decision on the cessation of our military operations will be made later,” he has further said.

Meanwhile, Reuters have reported citing a senior White House official as saying that President Donald Trump brokered a ceasefire between Israel and Iran through talks with Israeli Prime Minister Benjamin Netanyahu on Monday while his team, including Vice President JD Vance, held talks with Tehran.

The official, providing details of the ceasefire on condition of anonymity, has said Israel agreed to it so long as Iran does not launch fresh attacks.

(Agencies)

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