United States President Donald Trump has said it is a "shame" that students from countries such as India and China have to go back to their home countries after graduating from top American universities as he touted that the 'Trump Gold Card' will enable companies to hire and retain such talent in the country.
Trump on Wednesday announced the launch of the one million dollar 'Trump Gold Card' that will be a visa programme offering pathway for immigrants to US citizenship.
The Trump Gold Card is a visa based upon an individual's ability to provide a substantial benefit to the United States.
"It is a gift of getting somebody great coming into our country, because we think these will be some tremendous people that wouldn't be allowed to stay. They graduate from college, you have to go back to India, they have to go back to China, they have to go back to France. They have to go back to where ever they came from. Very hard to stay. It's a shame. It's ridiculous thing. We're taking care of that," Trump said during a roundtable in the White House.
Flanked by IBM's Indian-American CEO Arvind Krishna and Dell Technologies CEO Michael Dell, Trump announced that the Gold Card website is live and companies can buy" the Gold Card to keep the students they hire from top American universities such as Wharton, Harvard and MIT in the US.
Trump said that he has heard from Apple CEO Tim Cook several times and other executives that they cannot hire people from the best colleges because you don't know whether or not you can keep the person."
Trump said students are "thrown" out of the country.
"You graduate number one from your college, and there's no way of guaranteeing... that they're able to stay in the country."
Trump said Cook spoke to him about this "real problem".
"It's not going to be a problem anymore. As you know, they used to send people up to Canada and other places, other countries. So we solved that," Trump said adding that through the Gold Card, the US will take in billions of dollars that will be used for the country.
"So it'll be a great thing. We'll take in, I think, billions of dollars, many billions of dollars even. So that's very exciting," he said.
Trump added that the companies are now going to be very happy with the Gold Card, which will have greater advantages over a green card that offers permanent residency in the US. -- PTI
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances
