The announcement of the gold card initiative has sparked significant interest among Indian graduates in the U.S., who currently face challenges with existing work visa regulations.

Additionally, the Trump administration is exploring potential tariffs on copper imports to protect the domestic industry, although specifics on the tariffs remain unclear.

Former President Trump has proposed a new immigration initiative that includes a 'gold card' aimed at attracting wealthy individuals to the U.S. by providing green card privileges and a pathway to citizenship.

The EB-5 program, established in 1990, allows foreign investors to obtain a visa by investing $1 million in a business that creates at least 10 jobs, but it has been criticized for straying from its original purpose.

This initiative is set to replace the EB-5 visa program, which has faced criticism for its lack of oversight and effectiveness, as noted by Commerce Secretary Howard Lutnick.

Trump's proposal reflects his controversial governing style and, without Congressional approval, remains more of a political talking point than a concrete policy.

The lack of detailed policy information surrounding the initiative raises skepticism about its true intentions and potential impact on investment-based immigration.

Trump has criticized the current immigration system for failing to be properly monetized or managed, which he claims has hindered American businesses from hiring international talent.

Critics have expressed concerns that the plan may exacerbate inequality by allowing wealth to dictate immigration opportunities rather than merit.

Given that the U.S. Constitution grants Congress the authority to regulate immigration, Trump's executive proposal could face significant legal challenges.

The initiative is expected to launch within the next two weeks and aims to address long-standing concerns from U.S. companies, particularly in Silicon Valley, regarding the hiring of skilled foreign workers.

As this immigration proposal unfolds, it comes amid a backdrop of declining consumer confidence in the U.S., which has raised recession concerns.