Comprehensive Forbes magazine website and other US media reported on the 24th that US President Trump signed an executive order on the 19th, instructing the launch of the so-called "Trump Gold Card" immigration project within 90 days. The order significantly reduced the fees to be paid by the applicant by 80%, and the price was reduced from the forecast of $5 million to $1 million. According to the White House website, applicants can "obtain residency in the United States at a record speed".

For this purpose, the U.S. government website lists three categories of products: a personal ¡°gold card¡± priced at $1 million; a corporate ¡°gold card¡± sponsored at $2 million; and another ¡°black card¡± priced at $5 million, where holders ¡°just need to live in the U.S. for up to 270 days and do not have to pay taxes in the U.S. for income outside the U.S.¡±

However, the plan has caused controversy at the legal and policy levels since its announcement. The current EB-5 investment immigration program in the United States requires applicants to invest in eligible areas with an investment amount between 800,000 and 1.05 million dollars, and requires "creating or retaining at least 10 permanent full-time jobs" for American workers. In contrast, the "Trump Gold Card" gives personal funds to the Ministry of Finance in the form of "gifts", and does not need to meet additional requirements such as job creation.

A number of American immigration experts quoted on the website of Forbes magazine warned that the new "gold card" project lacked legal basis. Julia Gelatt of the American Immigration Policy Institute stressed that "the executive branch has no authority to create new visa categories without congressional authorization". Nuri Katz, founder of Apex Capital Partners, an immigration consulting firm, said that the price reduction of "Trump Gold Card" by as much as 80% is "equivalent to admitting defeat" and may affect existing investment projects, leading to financing interruptions and "leaving unbuilt properties and bankrupt American businesses".

Several industry insiders have warned that the ¡°Golden Card¡± project has no legislation in Congress, legal feasibility is questionable, cannot withstand the inevitable legal challenges, and may impact existing investment immigration projects.

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