Trump's 'Gold Card': Revolutionizing US Immigration

US President Donald Trump introduced a 'Gold Card' aimed at providing a new immigration path for top talent, allowing them easier residency in the US. This program intends to retain students from elite universities and offers significant advantages over traditional green cards.

US President Donald Trump has introduced a novel immigration initiative dubbed the 'Gold Card,' which aims to streamline the process for top foreign talent seeking US residency. Announced during a White House roundtable, the card targets exceptional students and professionals, providing a renewed opportunity to remain in the US.

The 'Gold Card' allows individuals to stay in the country if they meet certain criteria of substantial benefit to the United States, offering a pathway that is reportedly more advantageous than a traditional green card. Trump emphasizes the capability now to retain students from prestigious institutions like MIT, Wharton, and Harvard.

This announcement follows tightened scrutiny on traditional immigration avenues such as the H-1B visa program. The 'Gold Card' stands to not only assist in maintaining skilled individuals within the country but also potentially generate billions in revenue to bolster America's economic landscape, according to Trump.

(With inputs from agencies.)