The post America has to stop taking in ‘below-average’ immigrants that won’t help economy appeared on BitcoinEthereumNews.com. Commerce Secretary Howard LutnickThe post America has to stop taking in ‘below-average’ immigrants that won’t help economy appeared on BitcoinEthereumNews.com. Commerce Secretary Howard Lutnick

America has to stop taking in ‘below-average’ immigrants that won’t help economy

2025/12/11 21:51

Commerce Secretary Howard Lutnick said Thursday that the U.S. should focus on bringing in immigrants that help grow the economy as the White House rolls out its long-awaited “gold card” visa.

“We’re the only great country that lets other people just come in without vetting them and deciding whether they’re really going to help the economy of America,” Lutnick said Thursday on CNBC’s “Squawk Box.”

“Let’s bring in the top of the best,” he said. “Let’s help them grow America and build America. Why should we take people who are below average? It just doesn’t make any sense.”

Lutnick said the “average green-card holder” in the U.S. earns “one-third less than the average American.”

His comments come as President Donald Trump officially launched his gold card visa. The program, which had its price reduced from $5 million to $1 million, offers a path to citizenship and has garnered high interest from rich foreigners.

Trump’s administration has made the crackdown on immigration a centerpiece of his return to the White House. Trump said in September he would slap a $100,000 fee on new H-1B visa applications, a popular avenue for technology companies to bring in skilled workers from abroad.

Lutnick said an immigrant’s willingness to shell out the $1 million can “prove” they are worthy of having an expedited application.

“We should be bringing in the best and the brightest,” Lutnick said. “That’s what Donald Trump is changing about our immigration system.”

Get Morning Squawk directly to your inbox

Source: https://www.cnbc.com/2025/12/11/lutnick-economy-gold-card-trump.html

Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen [email protected] ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

Ayrıca Şunları da Beğenebilirsiniz

BlackRock boosts AI and US equity exposure in $185 billion models

BlackRock boosts AI and US equity exposure in $185 billion models

The post BlackRock boosts AI and US equity exposure in $185 billion models appeared on BitcoinEthereumNews.com. BlackRock is steering $185 billion worth of model portfolios deeper into US stocks and artificial intelligence. The decision came this week as the asset manager adjusted its entire model suite, increasing its equity allocation and dumping exposure to international developed markets. The firm now sits 2% overweight on stocks, after money moved between several of its biggest exchange-traded funds. This wasn’t a slow shuffle. Billions flowed across multiple ETFs on Tuesday as BlackRock executed the realignment. The iShares S&P 100 ETF (OEF) alone brought in $3.4 billion, the largest single-day haul in its history. The iShares Core S&P 500 ETF (IVV) collected $2.3 billion, while the iShares US Equity Factor Rotation Active ETF (DYNF) added nearly $2 billion. The rebalancing triggered swift inflows and outflows that realigned investor exposure on the back of performance data and macroeconomic outlooks. BlackRock raises equities on strong US earnings The model updates come as BlackRock backs the rally in American stocks, fueled by strong earnings and optimism around rate cuts. In an investment letter obtained by Bloomberg, the firm said US companies have delivered 11% earnings growth since the third quarter of 2024. Meanwhile, earnings across other developed markets barely touched 2%. That gap helped push the decision to drop international holdings in favor of American ones. Michael Gates, lead portfolio manager for BlackRock’s Target Allocation ETF model portfolio suite, said the US market is the only one showing consistency in sales growth, profit delivery, and revisions in analyst forecasts. “The US equity market continues to stand alone in terms of earnings delivery, sales growth and sustainable trends in analyst estimates and revisions,” Michael wrote. He added that non-US developed markets lagged far behind, especially when it came to sales. This week’s changes reflect that position. The move was made ahead of the Federal…
Paylaş
BitcoinEthereumNews2025/09/18 01:44